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GREEKS took to the streets yesterday to oppose their country’s “irrational” bailout deal with foreign creditors, as parliament voted on EU-dictated austerity laws.
MPs had until midnight to pass the raft of laws committing the country to years of spending cuts — on top of those which had already crippled the economy since 2010 — as a precondition for the deal.
But Prime Minister Alexis Tsipras’s Syriza party — elected in January on an anti-austerity manifesto — faced opposition from its own backbenchers and coalition party Anel, leaving it reliant on the pro-austerity opposition.
Alternate Finance Minister Nadia Valavani quit, saying she would not vote in favour of the Bill.
In her resignation letter, released yesterday, she said she believed the tactics of the “dominant circles in Germany” was “the full humiliation of the government and the country.”
Civil service union Adedy held a 24-hour strike against the deal, as mass protests took place in Athens under the banner of “Oxi” — referring to the massive No vote in the July 5 referendum on the EU bailout terms.
A slogan in front of the Greek parliament read: “Here lies Syriza, the party I once supported.”
Communist trade union front Pame occupied the Ministry of Macedonia and Thrace in the northern Greek port city of Thessaloniki, hanging a banner on the front of the building comparing Syriza to the governments it replaced.
In a television address on Tuesday night, Mr Tsipras vowed he would not step down despite the protests.
“I will not run away from my responsibilities,” he said.
He criticised the deal, but said it was the best Greece could get.
“The policies imposed on us were irrational,” Mr Tsipras said. “We faced a tough and punitive position from our partners … But the (agreement) does offer a way out of the crisis.”
Even the International Monetary Fund (IMF), which was involved Greece’s previous two bailouts and will also play a role in the third, criticised the EU bailout conditions.
In a report released late on Tuesday, the IMF said Greece’s debt was now “highly unsustainable” and would reach “close to 200 per cent of GDP in the next two years.”
