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1st LD Writethru: Greek Parliament ratifies third bailout deal

Xinhua, August 14, 2015 Adjust font size:

The Greek Parliament on Friday ratified the country's third bailout deal since 2010 to secure vital international financing to remain afloat and stay in the euro zone.

The draft law, which contains the 85 billion-euro bailout that was agreed with international creditors on Tuesday, was approved 222-64 with 11 abstentions in a roll call vote.

The third bailout foresees a new round of painful austerity and reform measures in Greece.

The new agreement passed the Greek assembly a few hours before a Euro Group meeting, which will examine the disbursement of the first tranche of aid so that Greece can repay a 3.2-billion-euro debt to the European Central Bank on Thursday. Endi