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Business Matters: Greek MPs Debate Key Bailout Vote

News

Greek MPs Debate Key Bailout Vote

14/08/2015

BBC World Service - Business Matters, Greek MPs Debate Key Bailout Vote

Greek MPs debate into the night ahead of a crucial vote needed to secure a bailout deal.

The proposed third Greek bailout deal involves tax rises and spending cuts in return for a third international bailout of about €85bn (£61bn).

The Greek parliament was debating the third European bailout programme until the early hours of the morning. Up for discussion, the Memorandum of Understanding between Greece and its creditors over deal is worth 85-billion euros - in return for another round of harsh austerity measures and profound structural reform. The BBC's Paul Adams tells us about the atmosphere in the parliament on Thursday evening. For an economic analysis of what's at stake we called up Constantine Michalos, who heads the Union of Hellenic Chambers of Commerce and Industry.

On Monday Sri Lanka will vote in parliamentary elections. The country's bloody civil war ended six years ago but human rights abuses by both sides remain to be addressed.  The BBC's South Asia correspondent, Justin Rowlatt, has visited a bizarre hotel, evidence of the legacy of injustice and division that still remains. For more on the elections we speak to Jonathan Spencer, Professor of the Anthropology of South Asia at University of Edinburgh.

We hear about The Blue Note, a New York jazz club that's branching out to Asia and a 'rage room' in a Toronto gym, that caters for those who need to take out the day's frustration on blameless inanimate objects. 

All this and more discussed with our two guests, Alison van Diggelen, host of Fresh Dialogues is with us from Silicon Valley. And Tony Nash, chief economist at Complete Intelligence in Singapore - is in the studio.

(Picture: Greek Parliament debates bailout vote. Credit: BBC News)

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