Greek parliament votes for new round of austerity measures

Early Friday morning, the Greek parliament passed a fresh round of harsh austerity measures following a 24-hour parliamentary session.

The debate over the new “memorandum of understanding” between the European institutions and the Syriza government was held less than six weeks after the landslide “no” vote in a referendum on accepting further austerity measures. The Syriza-led government responded to the overwhelming rejection of further cuts by moving as rapidly as possible to secure an agreement with the European banks.