28th May 2023

National parliaments gear up for Greek bailout vote

  • The Bundestag will vote on the third Greek bailout on Friday (Photo: Pierre)

The German Bundestag on Friday morning (17 July) will hold a special plenary to decide on whether to back a third bailout package for Greece.

Bild - a German tabloid that wants a Grexit - reports resistance is already emerging against the bailout in the governing centre-right CDU and its small Bavarian sister party, the CSU.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Klaus-Peter Willsch, a CDU deputy, told Bild he was "definitely" going to say No to further aid for Greece while Mark Hauptmann, another deputy from the party, said: "Greece said 'Oxi' to reforms, that's why I am saying 'Oxi' to further credit".

The Bundestag's go-ahead, along with 17 other eurozone governments or parliaments, is needed for Greece to open talks on a three-year €86 billion bailout.

The Eurogroup and board of governors of the ESM – the eurozone bailout fund - will then discuss the outcome and take a formal decision on whether negotiations should kick off with creditors.

Much will depend on whether the Greek parliament on Wednesday (15 July) manages to pass a first raft of laws to streamline VAT, broaden the tax base, and reform pensions.

The country, which continues to suffer with high unemployment and a 175 percent GDP to debt ratio, agreed Monday to a further round of harsh austerity demands largely pushed through by Germany’s chancellor Angela Merkel and her finance minister Wolfgang Schäuble.

Italy’s minister of finance Pier Carlo Padoan told Italian media Il Sole 24 Ore that only Cyprus, France, and Italy backed a compromise deal with the Greeks at the euro summit. The rest fell behind Germany.

Not all decisions will be made by national parliament plenaries. Some will be taken at committee level or only by the government.

But by the time the German Bundestag vote is over, many other parliaments or governments should have their positions finalised.

France will be among the first, with a debate and vote in the national assembly on Wednesday.

The European affairs committee of the Latvian parliament will also meet on Wednesday but a vote remains unclear at this stage.

“It is not necessarily said that there should be vote by the parliament. It could just be a decision of the government”, spokesperson from the Latvian parliament told this website on Tuesday (14 July).

Estonia’s parliament will convene on Thursday. It is not yet clear if there will be a vote, but the PM is expected to make a presentation.

In Finland and the Netherlands - both seen as in the same tough camp as Germany - there will be committee level votes in their parliaments on Thursday.

Austria’s parliament will vote on Friday.

Meanwhile, the decision on whether to open negotiations for a third Greek bailout will be made at the government level in Belgium, Ireland, Italy, Lithuania, Slovakia and probably Spain.

Greek MPs pass bailout austerity laws

Greek MPs adopted laws needed for third bailout, amid bitter debate, and amid fresh German remarks that a Greece euro-exit might be best.

MEPs to urge block on Hungary taking EU presidency in 2024

"This will be the first time a member state that is under the Article 7 procedure will take over the rotating presidency of the council," French Green MEP Gwendoline Delbos-Corfield, the key lawmaker on Hungary, warned.

European Parliament scales back luxury MEP pension fund

The European Parliament's Bureau, a political body composed of the president and its vice-presidents, decided to slash payouts from the fund by 50 percent, freeze automatic indexations, and increase the pension age from 65 to 67.

WhoisWho? Calls mount to bring back EU directory

NGOs and lobbyists slammed the EU commission for removing contact details of non-managerial staff from its public register, arguing that the institution is now less transparent.


MEP luxury pension held corporate assets in tax havens

While the European Parliament was demanding a clamp down on tax havens, many of its own MEPs were using their monthly office allowances to finance a luxury pension scheme that held corporate assets in the Cayman Islands, Bermuda and elsewhere.


What a Spanish novelist can teach us about communality

In a world where cultural clashes and sectarianism seems to be on the increase, Spanish novelist Javier Cercas (b.1962) takes the opposite approach. He cherishes both life in the big city and in the countryside.


Poland and Hungary's ugly divorce over Ukraine

What started in 2015 as a 'friends-with-benefits' relationship between Viktor Orbán and Jarosław Kaczyński, for Hungary and Poland, is ending in disgust and enmity — which will not be overcome until both leaders leave.

Latest News

  1. How the EU's money for waste went to waste in Lebanon
  2. EU criminal complicity in Libya needs recognition, says expert
  3. Europe's missing mails
  4. MEPs to urge block on Hungary taking EU presidency in 2024
  5. PFAS 'forever chemicals' cost society €16 trillion a year
  6. EU will 'react as appropriate' to Russian nukes in Belarus
  7. The EU needs to foster tech — not just regulate it
  8. EU: national energy price-spike measures should end this year

Stakeholders' Highlights

  1. International Sustainable Finance CentreJoin CEE Sustainable Finance Summit, 15 – 19 May 2023, high-level event for finance & business
  2. ICLEISeven actionable measures to make food procurement in Europe more sustainable
  3. World BankWorld Bank Report Highlights Role of Human Development for a Successful Green Transition in Europe
  4. Nordic Council of MinistersNordic summit to step up the fight against food loss and waste
  5. Nordic Council of MinistersThink-tank: Strengthen co-operation around tech giants’ influence in the Nordics
  6. EFBWWEFBWW calls for the EC to stop exploitation in subcontracting chains

Join EUobserver

Support quality EU news

Join us