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GreekReporter.comGreek NewsEconomyAustrian, Latvian and Spanish Parliaments Ratify Greece's Bailout Package

Austrian, Latvian and Spanish Parliaments Ratify Greece's Bailout Package

eu_parliamentThe parliaments of Austria, Latvia and Spain approved the third Greek bailout package on Monday.
The Eurogroup had approved the program on Friday. The 86 billion euros will be dispensed from international creditors to Greece over a three-year period.
50 Latvian MPs voted in favor of the bailout program while 37 turned it down and 6 abstained.
In Spain, approval for the bailout was resounding, with 297 MPs voting favorably and just 20 voting against, while 5 abstained.
Greece is set to receive 13 billion euros in the near future to pay outstanding debts and arrears. The country must pay the European Central Bank (ECB) 3.2 billion euros worth of bonds by August 20.

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