Greece Parliament Passes Next Package of Bailout Reforms

Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal.

A first set of reforms that focused largely on tax hikes and budget discipline triggered a rebellion in Syriza last week and passed only thanks to votes from pro-EU opposition parties.

The bill that lawmakers voted on early Thursday covered rules for dealing with failed banks and speeding up the justice system – two more conditions set by the euro zone and IMF to open negotiations on an 86 billion euro rescue loan.