Greek Lawmakers Clear The Way For Formal Bailout Discussions

As expected, the Greek parliament has approved a second set of prior measures, clearing the way for formal discussions on a third bailout program for the debt-stricken country.
As Bloomberg notes, "several lawmakers of governing Syriza party, including Parliament Speaker Zoi Konstantopoulou, former deputy Finance Minister Nadia Valavani didn’t support bill."
As a reminder, Wednesday's vote was largely a formality as the measures - which included EU rules on bank resolutions and civil justice reform - weren't expected to be as contentious as those presented to lawmakers last week. Alexis Tsipras is desperately trying to regain the support of Syriza MPs who have refused to support the conditions creditors have attached to the €86 billion ESM aid package.
Although negotiations will now likely begin within the next few days, another vote (on pensions and taxes for farmers) is expected during the first week of August.
Earlier today, MNI - citing unnamed sources - reported that Tsipras will look to hold elections as soon as the third bailout is in place. Greek government officials promptly denied the report.


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