At dawn on Tuesday, a draft bill concerning the second wave of EU-dictated measures for Greece was submitted to Greek Parliament. A letter accompanying the bill, signed by general secretary Spyros Sagias stated the urgency of the bill that needs to be voted on by July 22.
The legislatin includes changes to the Code of Civil Protection and the integration of the EU directive that protects deposits under 100,000 euros from bail-ins by troubled banks. The new rules put into Greek law EU legislature on propping up failed banks aimed at shielding taxpayers from having to bail out troubled lenders.
Prime Minister Alexis Tsipras has until Wednesday night to get measures adopted by the assembly. The first set of reforms passed through os that international lenders could give Greece the money to pay back its debts were passed thanks to votes by pro-EU opposition parties triggering a rebellion in the ranks of the ruling Radical Left Coalition (SYRIZA).
The second wave of reforms are less divisive.Tsipras has 162 seats in the 300-seat parliament, however last week’s rift cut his support to just 123 votes causing him to seek votes from the opposition.
