Business World

Wednesday 22 January 2020

Greece ratifies second bailout

Greece's Prime Minister Lucas Papademos. Photo: Reuters
Greece's Prime Minister Lucas Papademos. Photo: Reuters

Independent.ie reporters

THE Greek parliament has formally ratified the country’s second bailout worth up to €130bn.

The text was approved overnight by 213 socialist and conservative parliamentary deputies and opposed by just 79 members.



Greece is being led by caretaker prime minister Lucas Papademos.



The euro zone approved the new rescue programme following a debt swap with private creditors earlier this month that wiped some €100 billion off Greece's debt.



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