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MEMBERS of Greece’s parliament were given a timely reminder last night of their duty to accept further austerity when the European Central Bank (ECB) agreed a new cash injection for the country’s banks hours before a key vote.
The ECB increased emergency liquidity to Greek banks by €900 million (£629m) — the second such cash injection in just under a week.
The government imposed capital controls over three weeks ago, restricting daily withdrawals to €60 (£42). The extra liquidity means that banks will still be able to issue cash.
Last night’s vote on changes to the judicial and banking sectors is a requirement that EU creditors have insisted on as a precondition for negotiations on a third banking bailout for Greece, worth around €85 billion (£59bn), to begin.
After losing the backing of many of his own party members during a vote last week on austerity measures, Prime Minister Alexis Tsipras is relying on support from discredited establishment parties to pass legislation.
