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Greece: "We were not ready to face Grexit" - Greek Minister of Justice00:39

Greece: "We were not ready to face Grexit" - Greek Minister of Justice

Greece, Athens
July 22, 2015 at 22:35 GMT +00:00 · Published

Nikos Paraskevopoulos argued that Greece was not "ready" for Grexit as he addressed the Hellenic Parliament and defended the bailout agreement reached between Athens and its creditors, Wednesday. Paraskevopoulos said he backed the bailout agreement in order to avoid what he believed would have been a catastrophic default.

Members of the Greek parliament are due to convene in Athens on Wednesday, July 22, to vote on a second package of proposals for further financial assistance. The package, which includes tax increases on farmers, is part of a raft of fresh austerity measures and economic reforms demanded by the country's creditors in exchange for a third bailout.

On July 16, Athens backed a first round of austerity reforms in return for an €86 billion ($95 billion) bailout, with a total of 229 MPs voting 'yes' and 64 voting 'no.'

Greece: "We were not ready to face Grexit" - Greek Minister of Justice00:39
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Nikos Paraskevopoulos argued that Greece was not "ready" for Grexit as he addressed the Hellenic Parliament and defended the bailout agreement reached between Athens and its creditors, Wednesday. Paraskevopoulos said he backed the bailout agreement in order to avoid what he believed would have been a catastrophic default.

Members of the Greek parliament are due to convene in Athens on Wednesday, July 22, to vote on a second package of proposals for further financial assistance. The package, which includes tax increases on farmers, is part of a raft of fresh austerity measures and economic reforms demanded by the country's creditors in exchange for a third bailout.

On July 16, Athens backed a first round of austerity reforms in return for an €86 billion ($95 billion) bailout, with a total of 229 MPs voting 'yes' and 64 voting 'no.'