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Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The plenary of the Greek Parliament. File photo

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday.
Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated the main body of the amendment; thirty-three MPs voted against it and four abstained.
Other articles in the bill, which were voted on in separate votes, were approved by 192 MPs, two fewer than the articles in the main core of the bill.
The bill was supported by the SYRIZA party, the main opposition New Democracy party and the Centrists’ Union party.
The social-democrat ”Democratic Coalition” (which is the parliamentary name for the “Movement for Change” party) and the far-right Golden Dawn party voted against the bill.
The Communist Party of Greece abstained.
Greek authorities now hope that the new legislation will help allow banks to ”clean up” their balance sheets from their many non-performing loans.
This might also allow the Eurozone to authorize the transfer of €1 billion to the nation of Greece next Friday, monies which are part of an agreement made between Athens and its European partners.

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