Eleventh austerity package (Greece)

Eleventh austerity package - August 2015 measures
Coat of arms of Greece
Hellenic Republic
Ratification of the Financial Assistance Draft Contract by the ESM and provisions for the implementation of the Financing Agreement
(Law 4336/2015)
Territorial extent Greece
Enacted by Hellenic Parliament
Date passed 14 August 2015 (For: 222; Against: 64; 11 abstentions)
Legislative history
Bill published on 13 August 2015
Introduced by Government of Greece
First reading 13 August 2015
Second reading 13 August 2015
Third reading 14 August 2015
Committee report Joint Report of the Committees of Finances, Social Affairs, Production and Trade, Public Administration and Justice
Amendments
'Amendment 232/26 On public pensions Amendement 233/27 Judicial procedures, Arrangements for over-indebted citizens
Status: In force

The eleventh austerity package was voted by the Greek Parliament as part of the agreement between the Tsipras Government and the 'quartet' of creditors (the IMF, ECB, ESM and EU) for a third loan to Greece. The law contains two parts, the first being the text of the loan agreement and the second containing the measures agreed to secure the first tranche of the new loan.

It was tabled by the government on 13 August 2015 and was approved by parliament on 14 August 2015 with 222 votes for and 64 against.[1] It included provisions about Greek economic policy during the three next years. The bill's title was Ratification of the Financial Assistance Draft Contract by the ESM and provisions for the implementation of the Financing Agreement.[2]

Vote in Parliament

The Government tabled the Bill containing the measures and the loan agreement in the afternoon of August 13 and requested that it be discussed under the extremely urgent Parliamentary procedure. The bill passed the committees on August 13 and was discussed in the plenary session between 2 am and 10 am of August 14. At 6 am, the MPs decided by vote to shorten the discussion, thus the vote was held earlier than envisioned by the Standing Orders regarding extremely urgent procedures, at 10 am.

Measures

The measures passed by this bill were the following:[3]

See also


References

  1. "Greek Parliament approves third bailout but SYRIZA rebellion grows". ekathimerini.com. 14 August 2015. Retrieved 14 August 2015.
  2. "Legislative history of the bill". Retrieved 14 August 2015.
  3. "Bailout deal brings wave of tax hikes". ekathimerini.com. 12 August 2015. Retrieved 14 August 2015.
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