Tsipras wins Parliament’s support for proposals but also suffers losses

Greece’s Prime Minister Alexis Tsipras won the backing of the Greek Parliament for his bailout proposals following a debate and vote on the 10-11 July 2015. Seventeen members of his ruling coalition opposed the plan.

News sources also reported that the three creditor institutions (ECB, IMF and EU) had also assessed the proposals positively on the 10 July 2015 as a basis for a €74bn bailout.

Sources also reported that France had played a key mediating role behind the scenes and helped the Greek authorities put forward a credible set of proposals.

The proposals would be discussed at an Eurogroup meeting on the 11 July 2015, and a specially convened European Council in Brussels on the 12 July 2015.

ESO: Background information: Greek bailout referendum, 2015 http://www.europeansources.info/record/greek-bailout-referendum-2015/

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Official projection shows 'no' vote surging ahead / After ‘no’ vote, ECB holds key for Greece / German calls for Grexit mount as EU stunned by 'No' vote http://www.europeansources.info/record/official-projection-shows-no-vote-surging-ahead-after-no-vote-ecb-holds-key-for-greece-german-calls-for-grexit-mount-as-eu-stunned-by-no-vote/

ESO: Background information: Greece submits proposals, awaits response from creditors, MPs http://www.europeansources.info/record/creditors-await-greek-proposals-after-loan-request-greece-submits-proposals-awaits-response-from-creditors-mps/

Kathimerini, 10.07.15: Merkel walking line between German voters, European image http://www.ekathimerini.com/199269/opinion/ekathimerini/comment/merkel-walking-line-between-german-voters-european-image

BBC News, 11.07.15: Greece debt crisis: MPs back bailout reform plan http://www.bbc.co.uk/news/world-europe-33491452

EUObserver, 11.07.15: Greek parliament backs austerity plans https://euobserver.com/news/129584

EurActiv, 11.07.15: Progress on Greek deal seen as triumph for France http://www.euractiv.com/sections/euro-finance/progress-greek-deal-seen-triumph-france-316232

France, 10.07.15: Did France pull Greece back from brink of Grexit? http://www.france24.com/en/20150710-france-pull-greece-back-brink-grexit-hollande-tsipras

Spiegel Online Internatonal, 10.07.15: The Fate of Greece: Decision Time for Tsipras and Merkel http://www.spiegel.de/international/europe/greece-tsipras-and-merkel-must-make-a-decision-a-1043109.html

Politico, 12.07.15: Euro leaders: Greece must earn trust before deal http://www.politico.eu/article/tsipras-austerity-grexit-greece-reform-bailout-merkel-vote-default-debt/

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