Stratoulis' job was given to Pavlos Chaikalis, a former comic actor, from the right-wing partner of Syriza, the Independent Greeks. Deputy Finance Minister Nadia Valvani resigned before the vote. New ministers are expected to be sworn in this Saturday. The main economic ministries remain as they were, with Euclid Tsakalotos remaining as finance minister and George Stathakis staying as economy minister. Yanis Varoufakis the former finance minister also voted against the bailout bill but he had already resigned his position before the last negotiations.
Tsipras has said there will be no elections immediately and not before a bailout deal is agreed upon. Nikos Voutsis, the Interior Minister, said that there could be elections in September or October. The reform bill passed with 229 votes in the 300-seat chamber in the early hours of Thursday morning. The bill includes pension cuts, VAT hikes, reform of collective bargaining, and stringent limits on public spending erasing all of Syriza's "red lines". The bill represented the negation of everything that Syriza had campaigned and fought for. The IMF has criticized the bailout as creating a situation where Greek debt levels will be unsustainable. The IMF claims that severe debt restructuring will be required to make the bailout workable. Additional Sources: http://m.todayonline.com/business/german-lawmakers-back-greek-bailout-despite-rebellion-tsipras-sacks-dissenters http://www.irishtimes.com/news/world/europe/tsipras-sacks-party-rebels-in-greek-cabinet-reshuffle-1.2289114 http://www.telesurtv.net/english/news/Greeces-Tsipras-Culls-Rebel-Ministers-20150717-0019.html
2 Comments
eileen
18/7/2015 05:03:10 am
Thanks Ken for the Greek update
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Hannah
18/7/2015 03:10:25 pm
I think he loses his nerve. I do not agree with bailout which never works in the long run. The same as austerity. Somebody is turning the screws from the back. Cameron, Merkel and all the others are nothing but glove puppets. If they do not do as they are told out they go.
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Ken Hanly
Ken is a retired philosophy professor living in the boondocks of Manitoba, Canada, with his Filipina wife. He enjoys reading the news and writing articles. Politically Ken is on the far left of the political spectrum on many issues.
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