ADVERTISING
 
Saturday, October 19   Sign in or Register
 
Evangelical Focus
 
Flecha
 
ADVERTISING
 
 
FOLLOW US ON
  • Twitter
  • Facebook
  • Google +
  • Instagram
  • Soundcloud
 

Newsletter
Newsletter, sign up to receive all our News by email.
 
 

POLL
Society
Should Christians join social protests?



SEE MORE POLLS
 

 
TOP 10 MOST VIEWED



Greece debt crisis
 

Greek bailout stirs up Tsipras´ party, citizens protest

Greece accepted the negotiation of a third bailout and immediate structural reforms. Parlamentarians of Syriza say the “deal is unacceptable”, and define it as a “coup.”

SOURCES Agencies, The Guardian, BBC AUTHOR Evangelical Focus ATHENS 14 JULY 2015 13:25 h GMT+1
greece syriza Many Greeks have expressed their anger for the agreement. /Getty images

Greek Prime Minister Alexis Tsipras faces a battle to persuade MPs within his government to back a third bailout offered by Eurozone leaders.



Four pieces of legislation must be passed by the end of Wednesday, including pension and VAT reforms.



But Defence Minister Panos Kammenos, a junior coalition partner, has said he will provide only limited backing. "The night before last, there was a coup. A coup in the heart of Europe", Kammenos told reporters outside Parliament. "They want the government to fall and to replace it with one that hasn't been voted on by the Greek people", he commented.



Some 30 Syriza MPs, led by left-wing Energy Minister Panagiotis Lafazanis, could defy the prime minister, but the urgent reforms would go through with the help of opposition party support.



 



Greek Energy Minister Panagiotis Lafazanis.



"The deal (...) is unacceptable and does not deserve to be charged to a radical political party such as Syriza, and a battling government that promised to abolish ... austerity," Lafazanis said in a statement posted on his ministry website. Germany, he stated, treated Greece "as if it was their colony and (behaved) as brutal blackmailers and `financial assassins'."



Many Greeks have expressed their widespread anger online using the hashtag #ThisIsACoup. Civil servants have called for a 24-hour strike on Wednesday.



 



EUROZONE MINISTERS DISCUSS GREEK DEBT



As the government in Athens struggles to stay afloat, Germany's Finance Minister Wolfgang Schaeuble has reportedly suggested Greece should start issuing IOUs to pay domestic bills such as public sector salaries.



Mr Schaeuble had earlier backed Greece's exit from the euro, and his latest intervention would be seen by many as a first step towards a parallel currency.



 



Eurogroup president Jeroen Dijsselbloem.



As EU finance ministers took part in a scheduled meeting in Brussels on Tuesday, the head of the Eurogroup, Jeroen Dijsselbloem, said there were difficulties in arranging "bridge financing" that would cover Greece's short-term needs.



"We're looking at all the instruments and funds we could use, and all of them seem to have disadvantages or impossibilities, or legal objections," he said.



Britain won’t contribute any money to the Greek bailout, declared UK chancellor George Osborne as he arrived at today’s meeting of EU finance ministers in Brussels.



 



CONDITIONS OF THE AGREEMENT



Eurozone leaders agreed a conditional deal on Monday to provide up to €86bn of financing for Greece over three years.



The loan will come mainly from the European Stability Mechanism (ESM) - the Eurozone bailout fund. But the International Monetary Fund will also be asked to make a contribution from March 2016



The Greek parliament must immediately adopt laws to reform key parts of its economy - by Wednesday. The reforms include: streamlining the pension system and boosting tax revenue - especially from VAT.



They also committed to liberalise the labour market, privatise the electricity network and extend shop opening hours.



 



Alexis Tsipras with the Eurogroup. / Reuters



Additionally, a new trust fund will be set up, managed by Greece, with €50bn of Greek assets. Half of the €50bn will be used to fund recapitalisation of Greek banks, the other half will go towards reducing Greece's debt mountain - by privatising assets - and investing in Greece.



The European Commission will try to mobilise €35bn - outside the ESM loan - to help Greece with growth and job creation.



But Greece is still faced with a short-term cash crisis. Banks have been shut since 29 June.


 

 


0
COMMENTS

    If you want to comment, or

 



 
 
YOUR ARE AT: - - Greek bailout stirs up Tsipras´ party, citizens protest
 
ADVERTISING
 
 
 
AUDIOS Audios
 
Julia Doxat-Purser: 25 years of EEA office in Brussels Julia Doxat-Purser: 25 years of EEA office in Brussels

An interview with the socio-political representative of the European Evangelical Alliance about how evangelical Christians work at the heart of the European Union.

 
Ruth Valerio: A lifestyle that cares about creation Ruth Valerio: A lifestyle that cares about creation

Are Christians called to make a difference in environmental care? What has creation care to do with "loving our neighbours"? An interview with the Global Advocacy and Influencing Director of Tearfund.

 
Lars Dahle: Nominal Christianity, a mission field for the church Lars Dahle: Nominal Christianity, a mission field for the church

An interview with Lars Dahle, of the Steering Committee of the Lausanne Movement Global Consultation on Nominal Christianity held in Rome.

 
PICTURES Pictures
 
IFES World Assembly: ‘Messengers of Hope’ IFES World Assembly: ‘Messengers of Hope’

Students, graduates and staff of the global evangelical student movement reflected together on how the books of Luke and Acts apply to today's universities.

 
Christians at work - the missing link in fulfilling the Great Commission Christians at work - the missing link in fulfilling the Great Commission

Photos of the Lausanne Movement Global Workplace Forum, celebrated in Manila.

 
European Freedom Network Bridge 2019 conference European Freedom Network Bridge 2019 conference

Images of the fifth EFN gathering. Experts, activists, counsellors and church leaders met in Pescara, Italy.

 
VIDEO Video
 
Porn exploits victims of human trafficking Porn exploits victims of human trafficking

The European Freedom Network launches a new anti-trafficking campaign: “You have no way of knowing if the porn you are looking at is from someone who chose to be there or not”.

 

 

 
What makes humans different to artificial intelligence machines? What makes humans different to artificial intelligence machines?

David Glass, Senior Lecturer in Computer Science at Ulster University (Northern Ireland) analyses whether a computer can have emotions or a conscious experience.

 
A tent of hope for Venezuelan refugees A tent of hope for Venezuelan refugees

Thousands still cross the border to Colombia every week, and many continue on foot into the interior. Christian young people have set up an aid station along the road.

 
How has Christianity influenced the modern world? How has Christianity influenced the modern world?

Paul Copan, Chair of Philosophy and Ethics of Palm Beach Atlantic University, explains how many key features of Western civilization, are the legacy of the biblical faith being lived out by believers in society.

 
GWF in Manila: “Kingdom building requires global collaboration” GWF in Manila: “Kingdom building requires global collaboration”

850 from 108 countries met for the Global Workplace Forum, June 25-29. The gathering was organised by the Lausanne Movement. “Every workplace is a place of ministry”.

 
 
Follow us on Soundcloud
Follow us on YouTube
 
 
WE RECOMMEND
 
PARTNERS
 

 
AEE
EVANGELICAL FOCUS belongs to Areópago Protestante, linked to the Spanish Evangelical Alliance (AEE). AEE is member of the European
Evangelical Alliance and World Evangelical Alliance.
 

Opinions expressed are those of their respective contributors and do not necessarily represent the views of Evangelical Focus.