Greek government survives no-confidence vote

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The conservative-led coalition government of Greek Prime Minister Antonis Samaras has survived a vote of no-confidence in parliament. The vote had been tabled by the left-wing opposition party, Syriza.

The motion was defeated by 153 votes to 124 in the 300-seat parliament.

Syriza is strongly opposed to the government’s austerity measures which have been imposed to meet the terms of an international bailout.

Greece has been granted two bailouts totalling about 240bn euros (£202bn; $323bn) to help cover holes in its financing, and there is speculation it will need a third package of at least 11bn euros next year.

At issue just now is the latest instalment from the second bailout, worth 1bn euros. The payment must be approved by the troika of lenders: the European Commission, the European Central Bank and the International Monetary Fund.

The troika says there is a budget gap of 2.5bn euros for next year that may require more austerity but the government argues the country cannot take any more.

Greece has predicted that it will emerge from its six-year long recession next year, in a sign it may be finally recovering from its debt crisis.

 

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