Next steps in new Greek bailout

With a payment of about €3.2 billion due to the European Central Bank on Thursday, Greek Prime Minister Alexis Tsipras needs approval for his country’s third bailout from two key euro-area parliaments
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AUG 19

Jeroen Dijsselbloem: Dutch finance minister and president of Board of Governors of European Stability Mechanism. Wednesday’s debate in 150-seat Dutch lower house  is expected to be tough

AUG 19

Angela Merkel: German Chancellor may face revolt among lawmakers from her party when Bundestag votes in Berlin. Rebellion by Greece’s biggest creditor could dent Merkel’s reputation

AUG 20

European Stability Mechanism: Governors hold conference call to approve first disbursement of €13 billion to Greece, just in time to pay ECB
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AUG 21

Alexis Tsipras: Greek Prime Minister is expected to ask for vote of confidence on Thursday evening or Friday.

SEP 20

43 of Syriza’s lawmakers  – so called Left Platform – voted against bailout deal. If Tsipras administration fails to secure 121 votes in 300-seat parliament snap election is likely on September 20 or 27
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Sources: Bloomberg, wire agencies Pictures: Associated Press
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