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Greek MP’s to vote on new bailout plan

Greek Prime Minister Alexis Tsipras has appealed to lawmakers to back new proposals to try and secure a third bailout package. 

The proposals are aimed at preventing financial collapse and include tax rises and cuts to pensions.

The plans contain suggestions that were rejected in a referendum held in Greece last Sunday, which resulted in the population rejecting bailout conditions. Mr Tsipras is likely to face opposition from members of his own political party, Syriza.

French President Francois Hollande has called the proposals “serious and credible”.

Greece has asked for 53.5 billion euros ($59 billion) to help cover its debts until 2018. Finance ministers from the 19 nations in the Euro will meet on Sunday to discuss opening negotiations to secure a third bailout for Greece.

By Fiona Carty

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