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Greek Bailout Approved in Athens as ECB Weighs Emergency Funding
Greek lawmakers passed a bailout agreement that keeps the country in the euro for now, shifting attention to the European Central Bank as it weighs whether to pump more money into the country’s hobbled financial system. With voting ongoing in the early hours of Thursday, a majority of members of the 300-seat parliament in Athens approved new austerity measures that are a precondition of as much as 86 billion euros ($94 billion) in aid. Members of Prime Minister Alexis Tsipras’s Coalition of the Radical Left, or Syriza, were among those who opposed the bill, a sign the premier is at risk of losing his majority. ... (full story)
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