Greek Parliament votes “NAI” for 3rd austerity memorandum. Syriza loses Parliament majority

The Euro Summit agreement and the brutal austerity measures which accompany the bailout is taking its toll on the Syriza government and its Prime Minister Alexis Tsipras.

Via Zeroehedge:

The Greek parliament just voted, in a 229 for and 64 against landslide, to implement the austerity Europe demands to grant Greece the funds for Bailout #3 so that Greece can then repay European creditors (as opposed to facing up to the pain imminently and suffering through a Grexit) implicitly giving up their sovereignty and sending their 61% “Oxi” voting citizenry into what will inevitably be an even deeper economic depression.

More to the point, with 38 defections, Syriza has now officially lost its majority and a cabinet reshuffle is imminent as the drama goes on.

Via Bloomberg…

A majority of 229 Greek lawmakers voted in favor of bill which includes prior actions demanded by creditors for a bailout agreement that the govt has applied for, Parliament Speaker says.

64 lawmakers voted against bill, 6 abstained, in Greece’s 300-seat chamber

Bill titled “urgent measures for the negotiation and signing of an agreement with the European Stability Mechanism”

38 lawmakers of governing Syriza party, including former finance minister Yanis Varoufakis, former deputy Finance Minister Nadia Valavani, and Energy Minister Panagiotis Lafazanis didn’t support bill

Out of 149 Syriza MPs, 32 voted against bill, 6 abstained, 1 didn’t show up.

#Greece Parliament votes YES but #Tsipras has lost his government majority.

— Maxime Sbaihi (@MxSba) July 15, 2015

@zerohedge New Greek Flag pic.twitter.com/RMgqpGRyQu

— Ludwig W (@LudWitt) July 15, 2015

References:

http://www.zerohedge.com/news/2015-07-15/july-5-greek-independence-day-july-15-greek-dependence-day

http://www.bloomberg.com/news/articles/2015-07-15/greek-bailout-approved-in-athens-as-ecb-weighs-emergency-funding