French MPs Overwhelmigly Approve Greek Bailout Deal

World » EU | July 15, 2015, Wednesday // 21:45| Views: | Comments: 0
Bulgaria: French MPs Overwhelmigly Approve Greek Bailout Deal French Prime Minister Manuel Valls delivers the opening statement defending the government position during a debate on the Greek bailout deal in the French Parliament, Paris, 15 July 2015. Photo EPA/BGNES

French lawmakers approved the new Greek rescue package on Wednesday with Prime Minister Manuel Valls saying the controversial bailout-for-reforms deal was the only way out of the crisis.

The agreement, reached by the eurozone leaders over the weekend after 17 hours of negotiations and meant to prevent Greece's economy from collapsing, was approved in a 412-69 vote in the National Assembly, the lower house of the French parliament.

The upper house, the Senate, backed the deal by 260 votes to 23.

In an emotional speech in parliament Valls said the deal, which is imposing further austerity measures on Greece in exchange for a three-year bailout worth up to EUR 86 B, was the only way to create opportunities to revive the Greek economy.

The bailout "is vital to give Greece the breathing room it needs to imagine a future that's not only about paying back its debt," Valls said, according to AP.

EU » Be a reporter: Write and send your article
Tags: parliament, French, greece, bailout, deal, agreement, Eurozone, rescue package
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria