Good morning. This is Aljazeera America live from new york city. Im jonathan martin. Greece is asking for urgent Financial Relief after agreeing to harsh spending cuts to pave the way for a new bailout. U. S. Treasury secretary arrived in germany to scurs the on going crise. European leaders are considering a request for emergency cash. Germanys finance minister said an outright debt cut for greece is out of the question. The reforms are wildly unpopular among many greeks. In athens, demonstrations turned violent outside parliament. Cars and trucks were torched banks and a. T. M. s were vandalized as lawmakers voted to approve the plan. We are live in athens. Parliament passed the measure but seems no one is really happy about it. It was a landslide vote, but nobody is happy. Lawmakers here faced a stark choice, either adopt reform measures, more punishing austerity measures, heap more pain on a population thats all right pushed to the financial edge, or risk the total collapse of the
Theres a big fight going on right now at the open championship leader board. Stand by for the latest later in the program. There is hope that greek banks could reopen within days after euro zone ministers agreed to a 7 billion euro emergency loan. European commission is expected to confirm the extra money on friday. That comes after the Greek Parliament voted through a series of tax rises and spending cuts that were a condition for yet another bailout. In separate move, the European Central bank is making more money available to greek banks. The banks president explained the decision at a press conference. Things have changed now. We had a series of news with the approval of the bridge financing package with the votes the various votes in various parliaments to begin with in the Greek Parliament, which have now restored the conditions for a raise in e. L. A. Weve got reporters in greece and germany. John is in athens. First to dominic in berlin. That press conference is still going on
Planet pluto as it has never been seen before. European central bank has thrown a financial lifeline to greece. It has agreed to raise the cap on emergency funding by greek banks by 900 million euros. It is also on track to receive a 7 billion euro loan to keep it afloat until a third bailout comes into effect. Thanks have changed now. We had a series of news with the approval of the bridge financing package, with the votes, the various votes in various parliaments to begin with in the Greek Parliament which have now restored the conditions for a raise in ela. Lets go to simon mcgregorwood who is live for us in athens. Are hopes high now in greece that the banks will be able to reopen soon . Thats right. It was very much the news that mr. Tsipras and his colleagues were looking for, pushing for these extremely contentious laws last night, and suffering politically as a result of course, with almost 40 members of his own party failing to support that move. Thats another issue, but this
Allows japans military to fight overseas. Hello. Greece has gained some financial breathing space while the terms of its new bailout are finally settled. Euro zone finance ministers have approved 7 billion euros in bridging finance which all countries are expected to contribute too. The European Central bank is pumping an extra 900 Million Euros into the countrys banks which have been closed for more than two weeks. Politicians will decide on friday whether to approve greeces 86 billion bailout deal. Com mix kaine reports from berlin. Reporter manifest and his colleagues discuss their berlin removal business. Their firm prides its a on being able to help clients in germany and elsewhere in europe but Corporate Tax rates in germany are among the highest in the e. U. Which means keeping the finances in order can be a struggle. Manfred says the thought of his firms money being used for another greek bailout is maddening. Translator i always imagined it in practical terms. If i lend money
All your sport, including open champion gets underway with contrasting porches two of the sports biggest names. Greece is gaining some financial space while the terms oif new bail out are finally settled. The finance ministers have approved 7 billion euros in bridging finance, which all 28 countries are expected to contribute to. In another positive development for greece, the European Central bank has an extra 900 Million Euros into the bank which is have been closed for more than two weeks. The focus now shifts to germany, whose possibility tiggs will decide whether to approve the bail out deal. Something many are far from happy about. His colleagues discussed their berlin removal. Their firm prides itself on helping kleins in germany and elsewhere in europe. But Corporate Tax rates are among the highest in the e. U. Which means keeping the finances in order can be a struggle. He says the thought of his firms hard earned tax money being used for another greek bail out, is maddening.