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Significance
The reforms will allow the release of fresh funding for banks and a bridging loan to meet debt obligations to the IMF and ECB. A quarter of Syriza deputies rebelled, but mainstream opposition parties voted in favour, paving the way for negotiations with euro-area partners for a third bailout. Another package must be passed on July 22 when again there is expected to be a rift in Syriza's ranks.
Impacts
The dissenters say they support the government but not the measures it has been required to implement to secure bailout aid.
Tsipras must decide whether to live with such uncertainty or discipline the dissenters forcing an early election.
He will shuffle his cabinet to replace ministers who failed to support the legislation in parliament.
Keywords:
Greece,
EUR,
EU,
IMF-World Bank,
Germany,
economy,
politics,
debt,
election,
legislation,
reform,
industry,
international relations,
aid,
banking,
exchange rate,
fiscal,
growth,
opposition,
party,
privatisation,
protest,
talks
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2015
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