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Greece's PM Alexis Tsipras asks party to back bail-out

By AP Reporter

Published 11/07/2015

Prime Minister Alexis Tsipras
Prime Minister Alexis Tsipras

Greek prime minister Alexis Tsipras has sought his party's backing for a new budget austerity package that is harsher than what he urged Greeks to reject in a vote just last week.

Government ministers signed off on the sweeping new measures, which include pension cuts and tax increases that are likely to inflict further pain on people who have just emerged from a six-year economic depression.

If approved, Greece would get a three-year package of loans worth nearly £38bn as well as some form of debt relief.

The proposals - which give the country more time to repay - are to be discussed by eurozone finance ministers today ahead of a summit of the European Union's 28 leaders tomorrow.

Belfast Telegraph

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