Territorial extent Greece Introduced by Government of Greece | Enacted by Hellenic Parliament | |
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Date passed 1. 15 July 2015 (For: 229; Against: 64; 6 Abstentions)
2. 22 July 2015 (For: 230; Against: 63; 5 Abstentions) Date assented to 1. 16 July 2015
2. 23 July 2015 Date commenced 1. 16 July 2015
2. 23 July 2015 | ||
Since late 2014 The Greek economy has been on terminal decline. The main reason was a result of political instability due to the Greek presidential election. The parliament failed to elect a president and the Cabinet of Antonis Samaras collapsed. The election took place on 25 January 2015 and the left-wing party Syriza won the election. The new government tried to follow an anti-austerity politics with whom the European administrative bodies had disagreed. At the first quarter of 2015 the Greek economy returned to the recession. The deterioration of economy and the deficiency of cash forced the Greek government to agree with European institutions to receive a bailout, the Third Economic Adjustment Programme for Greece known as Third Memorandum. This bailout required the Greek parliament to approve a new austerity package.
Contents
First set of measures
The first round of measures was approved by Greek parliament on 16 July 2015. The Greek parliament voted the ratification of the eurozone summit statement. The measures include:
Second set of measures
The second set of measures voted on 23 July 2015. It's about changes of Code of Civil Procedure.