Greece debt crisis: Eurozone funding talks to start

[Surya Gayatri]

Source: BBC News

Talks between eurozone ministers on emergency funding to keep Greek banks afloat have begun, hours after the Greek parliament passed tough reforms required for a third bailout deal.

The Eurogroup was also due to discuss next steps in negotiating the bailout.


Prime Minister Alexis Tsipras said he was forced to accept the reforms

The Greek government is expected to survive, despite losing its majority after 38 MPs voted against the reforms.

Later, the European Central Bank is to consider easing a funding squeeze on Greek banks, allowing them to reopen.






Read more: http://www.bbc.com/news/world-europe-33546352

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The vote paves the way for eurozone finance ministers to open detailed talks on the bailout, worth up to €86bn.

Mr Tsipras won the parliamentary vote by 229 votes to 64, but needed the support of opposition MPs to do so.

There were glimpses of Greece at its ugliest on the streets. Petrol bombs were thrown at police lines, a TV satellite truck set alight, and police fired tear gas and stun grenades into the crowd.

It lasted no more than half an hour, but given the level of bitterness here, the fear is that these scenes are more likely in future.

[cosmicone]

1. Committee to decide

how much money to throw into the fireplace for a momentary warmth until the flame goes out.