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Alexis Tsipras Greek Debt Crisis Greek Financial Reform

Passes final reforms

23 Jul, 2015

Parliament overwhelmingly approves new reforms centered around creditor-demanded debt. These reforms to the judiciary and banking systems were the last ones Greece was obligated to solve before being able to begin talks with creditors on a third bailout agreement. Without the new bailout money worth around $93 billion Greece could wind up financially ruined. Prime Minister Tsipras:

We have chosen a compromise that forces us to implement a program in which we do not believe, and we will implement it because the alternatives are tough. We are summoned today to legislate under a state of emergency.