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Friday, November 20, 2015

Greek Government Wins Bailout Vote - Barely

The Greek parliament approved a reform bill on Thursday to secure further bailout funds from the Quadriga.

However, Syriza's majority shrank to three seats after two dissenting lawmakers were expelled.

The bill, outlining regulation on tax arrears and home foreclosures, paves the way for the disbursement of 2 billion euros to pay state arrears and a further 10 billion euro to recapitalise Greece's top four banks.

This victory will not be the end of the story.

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