Thursday 29 September 2016

Greece submits bill needed to start rescue talks

More people evacuated after fires broke out in forested areas

Published 21/07/2015 | 07:39

A firefighting plane drops water over a fire at holiday homes in Costa village in the Argolida region, in Southeastern Greece during a developing wild fire, July 20, 2015. Dozens of people were evacuated as firefighters fought the fire, which broke out on Monday afternoon in Panorama in Costa village at a forested area where dozens of summer houses are located, according to local media. REUTERS/Yannis Behrakis TPX IMAGES OF THE DAY
A firefighting plane drops water over a fire at holiday homes in Costa village in the Argolida region, in Southeastern Greece during a developing wild fire, July 20, 2015. Dozens of people were evacuated as firefighters fought the fire, which broke out on Monday afternoon in Panorama in Costa village at a forested area where dozens of summer houses are located, according to local media. REUTERS/Yannis Behrakis TPX IMAGES OF THE DAY
An employee prepares a rotisserie to cook a traditional Greek pork-based dish called a "gyros" in central Athens, Greece, July 20, 2015. Greece reopened its banks and started the process of paying off billions of euros owed to international creditors on Monday in the first signs of a return to normal after a deal to agree a new package of bailout reforms. Increases in value added tax agreed under the bailout terms also took effect, with VAT on food and public transport jumping to 23 percent from 13 percent. The stock market remained closed until further notice. REUTERS/Yiannis Kourtoglou
Queues outside an Athens bank yesterday
Greek Finance Minister Euclid Tsakalotos leaves a handover ceremony of outgoing Deputy Finance Minister Nadia Valavani to newly appointed Deputy Finance Minister Tryfon Alexiadis in Athens, Greece July 20, 2015. REUTERS/Alkis Konstantinidis
Greek banks have reopened but customers still face draconian cash restrictions
People line up outside a National Bank branch in Athens, Greece July 20, 2015. Greek banks opened their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits. REUTERS/Alkis Konstantinidis
People wait to enter a National Bank branch in Athens, Greece July 20, 2015. Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms. REUTERS/Ronen Zvulun
The first customers, most of them pensioners, stand in a queue to enter a bank branch in Athens as Greek banks reopen, although many restrictions on transactions, including cash withdrawals, will remain. (AP)
'The Germans forced us to make cuts, but were they not for our own good?'
A man withdraws money at an Alpha Bank branch ATM in central Athens, Greece, July 19, 2015. The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. REUTERS/Yiannis Kourtoglou
A man cleans the pavement in front a closed Attica Bank branch in Athens, Greece, July 19, 2015.The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week.The graffiti reads, " A 'No' of the classes" and "No to the debt" REUTERS/Yiannis Kourtoglou
Greek Prime Minister Alexis Tsipras looks on during a swearing in ceremony of members of his government at the Presidential Palace in Athens, Greece July 18, 2015. New ministers in Greek Prime Minister Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet and began a new phase of negotiations for a third bailout package. REUTERS/Alkis Konstantinidis
Women withdraw money from an ATM outside a National Bank branch in Athens, Greece, July 19, 2015. The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. REUTERS/Yiannis Kourtoglou
REFILE - CLARIFYING BYLINE Greek Prime Minister Alexis Tsipras looks on during a swearing in ceremony of members of his government at the Presidential Palace in Athens, Greece, July 18, 2015. New ministers in Greek Prime Minister Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet and began a new phase of negotiations for a third bailout package. REUTERS/Alkis Konstantinidis
A street performer plays with a ball at the Constitution (Syntagma) square near the Parliament building in Athens, Greece July 18, 2015. The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. REUTERS/Ronen Zvulun
A street performer (R) acting as a statue stands at the Constitution (Syntagma) square near the Parliament building in Athens, Greece July 18, 2015. The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. REUTERS/Ronen Zvulun
'Syriza undertook to tackle such endemic corruption and reform the system of public administration in Greece, but so far has been remarkably slow to do so'
Greek Prime Minister Alexis Tsipras looks on during a swearing in ceremony of members of his government at the Presidential Palace in Athens, Greece. New ministers in Tsipras' government were sworn in on Saturday after a reshuffle expelled dissidents from his cabinet and began a new phase of negotiations for a third bailout package (REUTERS/Alkis Konstantinidis)
Sinn Fein Leader Gerry Adams TD (Photo: Gareth Chaney Collins)
People flee from one of the fires that broke out around Athens yesterday
German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble talk during a meeting of the Bundestag yesterday
Riot police run as they disperse protesters during clashes in Athens, Greece July 15, 2015.
Smoke from a fire over the eastern suburbs of Athens. (AP)
A firefighting helicopter drops water at a raging wildfire at the Kareas suburb, east of Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis
Smoke rises as a wildfire rages at the Kareas suburb, east of Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis
A firefighting helicopter drops water at a raging wildfire at the Kareas suburb, east of Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis
A firefighting helicopter drops water on a raging wildfire at the Kareas suburb, east of Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis TPX IMAGES OF THE DAY
Smoke rises as a wildfire rages at the Kareas suburb, east of Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis
A Greek national flag flutters atop the parliament building as smoke from a raging wildfire rises in Athens, Greece July 17, 2015. Dozens of Athens residents fled their homes on Friday as wildfires fanned by strong winds and high temperatures burned through woodland around the Greek capital, sending clouds of smoke billowing over the city. REUTERS/Alkis Konstantinidis
Flames burn on the mountain of Ymittos on the outskirts of Athens (AP)
A demonstrator protests against the third bailout for Greece outside Germany's parliament, the Bundestag, in Berlin, Germany, July 17, 2015. German parliament meets to decide whether to allow Berlin to start negotiations on a third bailout for Greece. REUTERS/Axel Schmidt
Prime Minister Alexis Tsipras rubs his eyes as the Greek parliament debates the new legislation into the early hours of the morning
European Union Commission President Jean-Claude Juncker
Taoiseach Enda Kenny on RTÉ Radio 1’s Sean O’Rourke show yesterday in which he discussed Greece, the Banking Inquiry and the 2016 Budget
President of the European Commission Jean-Claude Juncker
Greece's Prime Minister Alexis Tsipras, right, speaks with Finance Minister Euclid Tsakalotos during a parliament meeting in Athens (AP)
Masked anti-establishment youths and anti-austerity protesters are seen through a cloud of tear gas during clashes in Athens, Greece July 15, 2015. Greek anti-establishment protesters threw dozens of petrol bombs at police in front of parliament on Wednesday ahead of a key vote on a bailout deal, in some of the most serious violence in over two years. Police responded with tear gas, sending hundreds of people fleeing in central Syntagma Square. REUTERS/Yannis Behrakis
Greek Prime Minister Alexis Tsipras reacts during a parliamentary session in Athens, Greece July 16, 2015. The Greek parliament passed a sweeping package of austerity measures demanded by European partners as the price for opening talks on a multi-billion euro bailout package needed to keep the near-bankrupt country in the euro zone. REUTERS/Alkis Konstantinidis TPX IMAGES OF THE DAY
Riot police run as they disperse protesters during clashes in Athens, Greece July 15, 2015. Greek anti-establishment protesters threw dozens of petrol bombs at police in front of parliament on Wednesday ahead of a key vote on a bailout deal, in some of the most serious violence in over two years. Police responded with tear gas, sending hundreds of people fleeing in central Syntagma Square. REUTERS/Yannis Behrakis TPX IMAGES OF THE DAY
Anti-austerity protesters lift a Greek flag in front of the Greek Parliament in Athens
Riot police stand amongst the flames from exploded petrol bombs thrown by a small group of anti-establishment demonstrators in front of parliament in Athens yesterday. Photo: Reuters
Masked anti-establishment youths and anti-austerity protesters face riot police during clashes in Athens
Tsipras
The flags of Greece and the EU flutter over the central market in the city of Chania, Cretetax
Protesters gather in front of the Greek Parliament during an anti-austerity rally organized by the country's biggest public sector union ADEDY in Athens, Greece REUTERS/Jean-Paul Pelissier
Greek Presidential guards conduct their ceremonial march past a banner held by protesters during an anti-austerity rally organized by the country's biggest public sector union ADEDY in Athens, Greece REUTERS/Yannis Behrakis
Anti-Euro protesters march through the streets during an anti-austerity rally in Athens, Greece REUTERS/Yiannis Kourtoglou
Anti-Euro protesters march through the streets during an anti-austerity rally in Athens, Greece REUTERS/Yiannis Kourtoglou
Riot police stand amongst the flames from exploded petrol bombs thrown by a small group of anti-austerity demonstrators in front of parliament in Athens, Greece REUTERS/Yannis Behrakis
Anti-Euro protesters march through the streets during an anti-austerity rally in Athens, Greece REUTERS/Yiannis Kourtoglou
Riot police stand amongst the flames from exploded petrol bombs thrown by a small group of anti-establishment demonstrators in front of parliament in Athens, Greece REUTERS/Jean-Paul Pelissier
Riot police run past flames from exploded petrol bombs thrown by a small group of anti-establishment demonstrators in front of parliament in Athens, Greece REUTERS/Yannis Behrakis
Riot police stand amongst the flames from exploded petrol bombs thrown by a small group of anti-establishment demonstrators in front of parliament in Athens, Greece REUTERS/Jean-Paul Pelissier

The Greek government submitted legislation to parliament on Tuesday required by its international lenders to start talks on a multi-billion euro rescue package.

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Prime Minister Alexis Tsipras has until Wednesday night to get those measures adopted in the assembly. A first set of reforms triggered a rebellion in his party last week and passed only thanks to votes from pro-EU opposition parties.

The second bill, though less divisive, will still be a test his weakened majority.

It puts into Greek law new European Union rules on propping up failed banks, decreed after the 2008 financial crisis and aimed at shielding taxpayers from the risk of having to bail out troubled lenders.

Meanwhile, dozens of people were evacuated as firefighters fought fires, which broke out on Monday in Costa village at a forested area where dozens of summer houses are located,.

The so-called bank recovery and resolution directive (BRRD) imposes losses on shareholders and creditors of ailing lenders, in a process known as "bail-in", before any taxpayers' money can be tapped in a bank rescue.

The European Commission in late May gave Italy, France and nine other EU countries two months to adopt the rules, which were meant to be applied by the end of 2014, or face legal action.

The bailout bill also includes the adoption of new rules for the country's civil justice system, aimed at accelerating lengthy judicial processes and cutting costs.

Together with his coalition partners from the right-wing Independent Greeks party, Tsipras has 162 seats in the 300-seat parliament. But last week's rebellion cut his support to just 123 votes, meaning he is likely to need opposition votes again.

Greece on Monday reopened its banks and repaid billions of euros owed to the International Monetary Fund and the European Central Bank in the first signs of a return to normality after it struck a cash-for-reforms deal with other euro zone countries last week.

Reuters

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