PM Alexis Tsipras faces fierce dissent on bailout deal / After marathon in Brussels, Tsipras faces Athens sprint

Series Title
Series Details 14.07.15
Publication Date 14/07/2015
Content Type

Greece reached a preliminary deal on the 13 July 2015 after a weekend of frantic negotiations in Brussels for a third multi-billion euro bailout from its fellow members in the 19-country eurozone. The deal would include tough economic measures that Greece would need to pass into law quickly before it could get any new loans.

The measures went beyond the proposals rejected by the Greece people in a referendum held on the 5 July 2015. Greek Prime Minister Alexis Tsipras had the task of securing the agreement in the Greek Parliament to the new tougher measures by the end of 15 July 2015.

Before the vote took place, an IMF report was leaked which defended a massive debt restructuring exercise. This report followed and complemented another one released some weeks before.

Members of Mr Tsipras' own Syriza group opposed parts of the agreement, as did many Greek citizens. On 15 July 2015, the Greek parliament approved the bailout package. While the pro-EU opposition voted in favour of the proposal, dozens of Syriza's MPs voted against it. According to analysts, this situation put into question the future of the Greek government. Outside the parliament, protests resulted in violence, with some demonstrators being injured and many others detained.

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Related Links
ESO: Background information: Extraordinary Eurogroup meeting, 11-12 July 2015 / Euro Summit, Brussels, 12-13 July 2015 / European Council, Brussels, 12 July 2015 http://www.europeansources.info/record/extraordinary-eurogroup-meeting-11-12-july-2015-euro-summit-brussels-12-13-july-2015-european-council-brussels-12-july-2015/
ESO: Background information: Tsipras wins Parliament's support for proposals but also suffers losses http://www.europeansources.info/record/tsipras-wins-parliaments-support-for-proposals-but-also-suffers-losses/
Kathimerini, 13.07.15: After marathon in Brussels, Tsipras faces Athens sprint http://www.ekathimerini.com/199477/article/ekathimerini/news/after-marathon-in-brussels-tsipras-faces-athens-sprint
ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/
BBC News, 14.07.15: Greece debt crisis: Tsipras faces eurozone deal battle http://www.bbc.co.uk/news/world-europe-33517252
Deutsche Welle, 13.07.15: Greek PM Alexis Tsipras faces opposition after bailout deal http://dw.com/p/1Fy6p
EurActiv, 14.07.15: Tsipras faces Syriza revolt http://www.euractiv.com/sections/euro-finance/tsipras-faces-syriza-revolt-316277
Politico, 13.07.15: The coming Greek revolution — maybe http://www.politico.eu/article/greek-crisis-bailout-deal-eurozone-coming-revolution/
Politico, 13.07.15: Tsipras’s left-wing revolt http://www.politico.eu/article/greece-grexit-tsipras-bailour-deal-eurozone-negotiations/
Euro|Topics: Main Focus, 14.07.15: Tsipras meets resistance http://www.eurotopics.net/en/home/presseschau/archiv/archiv_dossier/DOSSIER166296-Tsipras-meets-resistance
Kathimerini, 14.07.15: Secret IMF report shows Greece needs debt relief far beyond EU plans http://www.ekathimerini.com/199494/article/ekathimerini/business/secret-imf-report-shows-greece-needs-debt-relief-far-beyond-eu-plans
Kathimerini, 14.07.15: Civil servants and others to strike in Athens http://www.ekathimerini.com/199518/article/ekathimerini/news/civil-servants-and-others-to-strike-in-athens
EurActiv, 15.07.15: Tsipras clashes with Syriza's drachma supporters http://www.euractiv.com/sections/euro-finance/tsipras-clashes-syrizas-drachma-supporters-316320
EUObserver, 15.07.15: Tsipras asks Greek MPs to approve 'bad deal' https://euobserver.com/economic/129650
EurActiv, 16.07.15: Greek parliament approves bailout http://www.euractiv.com/sections/euro-finance/greece-parliament-approves-bailout-316362
EUObserver, 16.07.15: Greek MPs pass bailout austerity laws https://euobserver.com/news/129661
Politico, 15.07.15: Greek parliament passes bailout legislation http://www.politico.eu/article/greece-vote-saturday-mp-democracy-blackmail/
Eurogroup: Statement, No.589, 2015 (16.07.15): Eurogroup statement on Greece http://www.consilium.europa.eu/en/press/press-releases/2015/07/16-eurogroup-statement-greece/
European Commission: DG Communication: RAPID: STATEMENT/15/5408, 17.07.15: Greece: press remarks by Vice-President Dombrovskis http://europa.eu/rapid/press-release_STATEMENT-15-5408_en.htm
Spiegel Online International, 17.07.15: Victory in Defeat? Alexis Tsipras Has Shown Greeks He Can Save Them http://www.spiegel.de/international/europe/greek-prime-minister-tsipras-shows-greeks-he-can-save-them-a-1044265.html

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