Greek parliament voted “Nai”

Noam Stiekema

The Greek parliament voted “Nai” (or “Yes”) for the measures agreed with Greece’s creditors, for the launch of formal negotiations on the third rescue plan for the country. The debate itself ended at 1.40 GMT, just 40 minutes after the deadline, which was set by creditors. Then each member had to say clearly to the […]

Tsipras

TsiprasThe Greek parliament voted “Nai” (or “Yes”) for the measures agreed with Greece’s creditors, for the launch of formal negotiations on the third rescue plan for the country. The debate itself ended at 1.40 GMT, just 40 minutes after the deadline, which was set by creditors. Then each member had to say clearly to the ears of “yes” or “no.” One of the first vote was former Finance Minister Yannis Varoufakis, known for his sharp tongue, which clearly rule “no”.

Meanwhile, Prime Minister Alexis Tsipras has lost its majority. Even before the end of the vote over 20 MPs from his party voted against the reforms. So far the government coalition relied on 162 votes. Of the total 142 MPs of SYRIZA six abstained and 32, including Varoufakis voted “no”. The 229 deputies cast votes for passage to “prior actions” required by lenders in connection with the new rescue package. 64 voted against, and only six voted “abstention”.

After speculation that will not appear in parliament this evening, Greek Prime Minister Alexis Tsipras to join the debate. “Colleagues, we are at a critical time … we need to decide and take responsibility”, he told the MPs. “I take full responsibility for everything and I feel proud of the fight we fight over the last few years”, said Tsipras before the full hall.

During the debate before Parliament became bloody clashes. Demonstrators, whose number was growing by the minute, throwing firebombs at the building, and the police responded with batons and tear gas. They arrested more than 40 protesters. The decision of the parliament in Athens means the adoption of tough package of measures, including tax increases, pension reforms and spending cuts demanded by the eurozone before the vote on the third bailout. The results make the situation very difficult for Prime Minister Alexis Tsipras, who tonight lost the support of a significant number of members of his party voted against the measures, adds Guardian. It said it is bigger rebellion than last Friday when MPs voted on whether to send Tsipras in Brussels to negotiate a third aid package. This is because the prime minister returned home with much more painful than expected program.

The finance ministers of the Eurozone countries will hold an emergency telephone conference on Thursday, which will discuss the latest developments in Greece, reported AFP, referring to the information published in the official account of the Dutch finance minister and chairman of the Eurogroup Jeroen Diselblum on Twitter.

Meanwhile, the French Parliament approved the idea of ​​a credit line for Greece before the vote in Athens by a large majority – 412 votes “for”.

Read this next

Industry News

SEC charges ex-Morgan Stanley advisor for defrauding NBA players $13 million

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

Industry News

Interactive Brokers pays unmatched interest up to USD 4.33% on cash balances over $10,000

For clients of Interactive Brokers, interest accrues daily, and payments are posted on a monthly basis. Interactive Brokers’ cash management is integrated into client broker accounts, making it simple to earn interest and borrow at the lowest rates without transferring cash.

Retail FX

FP Markets adds cTrader to roster of trading platforms that include MT4, MT5, Iress

“Our market share swings towards the more sophisticated segment of traders and we have been inundated with requests for an additional platform with more institutional-style characteristics. The addition of the cTrader trading platform offering allows our clients the choice to further shape their trading experience with us.”

Digital Assets

SEC mulls lawsuit against Coinbase’s staking and spot trading

Shares in Coinbase fell 15 percent after the US Securities and Exchange Commission threatened a potential enforcement action against the crypto exchange over certain products.

Digital Assets

Kraken halts ACH transactions amid banking crisis

San Francisco-based cryptocurrency exchange Kraken says it will no longer process Automated Clearing House (ACH) following the failure of its payments partner, Silvergate Bank.

Digital Assets

French influencers face two years in jail for promoting crypto products

France’s National Assembly’s Economics Committee voted in favor of a law that bans social media influencers from touting risky financial services, including cryptocurrencies.

Interviews

Exberry’s Guy Melamed on paradigm shift with cloud-native exchanges at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Guy Melamed about Exberry’s cloud-native exchange SaaS platform certified by AWS to bring about a paradigm shift in the industry at a time of cybersecurity concerns.

Retail FX

Playtech revenue grows to €1.60 billion in 2022

Playtech plc (LSE: PTEC) reported solid financial results for the fiscal year 2022 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue and net profit.

<