This just gets better and better: 15 Syriza Lawmakers Who Voted ‘Yes’ Say They Oppose Bailout Plan.
Manos Giakoumis retweeted
Greek Parliament approves measures, authorises Tsipras & Tsakalotos to negotiate with lenders: 250 in favour, 32 against & 8 abstain #Greece
Questions now if Tsipras can continue with this set-up or whether he needs new MPs/coalition/elections. Also, will lenders trust him
Strong support for proposals in Greek Parl't (250/300 MPs) but problem for PM is only 145 from coalition, raising Qs about majority #Greece
It appears SYRIZA-Ind Greeks coalition has failed to maintain majority in this vote, although proposals pass with opposition support #Greece
Parl speaker & Syriza MP Constantopoulou to vote 'present', saying can't support proposal. Says Greece 2nd case of blackmail after Cyprus
Alternate Minister for Social Security Stratoulis abstains along with three others so far #Greece
Creditors make 'positive evaluation' of Greek debt proposals: EU source v: @AFP ↦ 58 (ESM) + 16 (IMF) billion
Several thousand anti-austerity protesters in front of #Greece's parliament saying #OXI to another memorandum #Greece
Chances of deal still 50-50 because hardliners like Germany have to be convinced, EU sources say /via @dannyctkemp #Greece #GreeceCrisis
So, the Greek government's red lines were actually lines in the sand. And they are now being washed away.
What was the point of the referendum? This: http://blogs.channel4.com/paul-mason-blog/4131/4131 …
Alexis Tsipras urges Syriza MPs to back bailout plan. (photos via EPA, Reuters & AP) http://www.theguardian.com/business/live/2015/jul/10/greek-crisis-deal-hopes-mps-vote-tsipras-live#block-559f73cbe4b05111b755965c …
Tsipras urges SYRIZA MPs to back deal, says no mandate for 'Grexit' http://dlvr.it/BTPql2
Greek proposal to lenders & loan request to be examined by Parlt cttee at 3pm w debate to begin at 7pm + vote very late
SYRIZA MP Vitsas tells Skai TV that he's "sure" parliamentary group will remain united
SYRIZA MP Vitsas: "We want clear reference to debt relief & a commitment from lenders to begin discussing this from October"
Technocrats in EC & French economic & finance committee officials in Brussels helped Greeks write proposals on Weds
Kathimerini English retweeted
Bill submitted last night authorises Tsipras & Tsakalotos to negotiate with lenders. Has to pass through ctte, then plenary #Greece #euro
Left Platform Lafazanis and ANEL boss Kammenos not happy. Greece may be heading for national unity govt of some sort. Big role for Potami?
Greek ball is now in German court. Either Merkel agrees to (serious) debt relief and Bundestag backs it, or Grexit + default + EMU fiasco
Difficulty for Tsipras is that Greek referendum has life of its own. He can't call it, then ignore message. Storing up big political trouble
Syriza has accepted terms rejected by the Greek people in the Referendum. Unless he gets debt relief, can't see how he can sell this
Blanchard: IMF debt sustainability report seen as "too pessimistic" by Europeans but in fact it's much much worse
cristina lombardi retweeted
German Ministry of Finance on #Greece: Debt restructuring that involves reduction in present value of debt would count as classic haircut.
German Ministry of Finance on #Greece: Repackaging of Proposals From End June Won't Be Enough.
* Imf's Lagarde, EU's juncker, ecb's Draghi, eurogroup's Dijsselbloem to confer on Greece at 1100 gmt - eu source - RTRS
Greek proposal needs unanimity of all 19 in eurogroup to begin talks, 6 parli votes on Mon/Tues incl. (no new loans) Finns & angry Germans
*GERMANY SEES TOUGHER GREECE TERMS THAN TWO WEEKS AGO: OFFICIAL
George D. retweeted
*DIJSSELBLOEM SAYS STILL NEED TO ASSESS IF PROPOSALS ARE GOOD
Greek parliament to begin debate at committee level at 3pm, BBG reports.
#Greece VAT/pension plan almost identical to June troika plan. Good enuf for 3yr prog? Does Berlin trust @atsipras to implement?
Just noticed new #Greece econ reform plan goes after smaller boats: lux tax in creditors' plan was on yachts > 10m
Peter Spiegel retweeted
A must-read on #Greece long-awaited economic reform proposal Greece wants to remain a member of the Eurozone
Deutsche Bank: It is possible the government will need to make additional compromises over the next forty-eight hours
* German cdu lawmaker fuchs says has a little bit of a problem with trusting Greek proposal - RTRS
* Austrian chancellor faymann says there is a chance for agreement on Greece that must be used - RTRS
Most importantly, why hold a referendum and then agree to pretty much the same proposal rejected by over 61% of Greek voters? #Greece
Skimmed through new Greek proposals. Kωλοτούμπα it is. Still some discrepancies on labour market and military spending. #Greece
@fredwalton216 @NickMalkoutzis @dadoudis @drubald @alexdelprete @KellerZoe So we can begin "discussing" it [debt relief language]" forever
My view: without the ECB's move on ELA collateral and that too end ELA for Greek banks, Tsipras would not have capitulated.
Katerina Sokou retweeted
IMF: Greece needs more debt relief, more funding, more bank recap. than before referendum http://on.wsj.com/1JXKbAf @IanTalley via @WSJ
1. With some minor changes this reform package is substantively the one offered by creditors on 26th June and rejected in the referendum.
2. But if Greece has capitulated on the reforms, it's not a total climb down. They are asking for years of financing in return not months.
3. Debt relief isn't in the offer to creditors but is the stuff to the Greek Parliament and a related non-paper.
4. Seems likely that *if* the Greeks carry out the reforms offered, some kind of maturity extension/rate cut is possible.
7. Economy has taken a huge hit in last two weeks (1-2% of GDP lost) and a big hit over last 5/6 months. The big question, was it worth it?
8. Can't see many concessions won by the referendum call, can see lots won by the creditors "deal or you're out" threat though
Senior German lawmaker sees no majority for further Greek bailout http://www.ekathimerini.com/199262/article/ekathimerini/news/senior-german-lawmaker-sees-no-majority-for-further-greek-bailout …
GREECE TO HAVE NEW CAPITAL CONTROLS DECREE BY MONDAY: MARDAS
Playing down Syriza split
Bruno Waterfield retweeted
#Germany Deputy CSU caucus leader Friedrich: “Greek government is either cheating their own people or us again.” ~BBG | #Greece
Significant challenges still remain following the
#Greek proposals but this is a step towards a deal #Greece (2)
Deep VAT & pension reforms, vague commitment to debt relief, and unhappy Left wing/right wing ministers. A summary http://www.telegraph.co.uk/finance/economics/11728175/Greece-news-live-Desperate-government-agrees-to-tough-austerity-measures-to-stay-in-the-eurozone.html …
This is Greece’s Final Bailout Proposal to the Creditors; Full Document of Reforms http://dlvr.it/BTDvJq
Notably signatures of Energy Minister Lafazanis, Defense Minister Panos Kammenos not alongside those of cabinet peers http://www.hellenicparliament.gr/UserFiles/c8827c35
Greece's loan request to ESM + prior actions on Parl's site w doc seeking commitment to restructuring debt after 2022 http://www.hellenicparliament.gr/UserFiles/c8827c35
#Greek proposal gets the green light by #Eurogroup then it will allow for negotiations to take place. This is not the final proposal.
Eleni Varvitsiotis retweeted
LISTEN: @Elbarbie on why latest reform plans from #Greece herald more austerity, not less http://bit.ly/1KSDi69
Gov non-paper says request for 3-year loan program sent to ESM includes ‘regulation’ of debt + 35-bln-euro ‘front-loaded investment package'
@tsipras_eu to brief Syriza MPs on proposal to creditors Fri 8 am and, according to @InsiderGR, gov might legislate as early as Sat