Greece bailout

Other News

Tsipras faces bailout deal dissent


Greek prime minister Alexis Tsipras is facing a battle to cling on to his government’s majority after he was forced to shred election promises and introduce punishing austerity measures in exchange for a bailout deal with the country’s European creditors. With members of his own party openly condemning the preliminary rescue deal, Mr Tsipras, who flew home from gruelling night-long negotiations with European leaders, will chair an executive meeting of his Syriza party before MPs begin a two-day debate on the deal, which will heap more tax rises and spending cuts on a nation already suffering through six years of recession. The deal ensures that Greece avoids an imminent financial catastrophe and an exit from the eurozone, but Panos Kammenos, leader of the junior partner in Mr Tsipras’ coalition government, called the bailout plan a German-led “coup”.

Oil & Gas

Greece to ‘reform gas market’


Greece has pledged to reform its gas market in a 13-page set of proposals handed over to its European creditors. The country also said it would open restricted professions including engineers, notaries and court bailiffs. Yesterday, Greece revealed plans for a £2billion gas project with Russia.