Parliament to discuss Greek bailout in special sitting ({{commentsTotal}})

Source: Photo: Reuters/Scanpix

Parliament will convene next week in a special sitting to decide Greece's new bailout plan.

According to the European Stability Mechanism ratification legislation, any Estonian approval for new bailout deals must be voted on in Parliament.

The government sent the draft law for the bailout agreement to Parliament today and Parliament will discuss the deal on August 18.

The total size of the aid package is 86 billion euros.

Greece asked for the third bailout on July 8. Greece and Eurozone leaders agreed on political terms four days later. After that, Greece's government, the European Commission, the European Central Bank and IMF agreed on timetable for reforms. Reform will focus on taxes, tax collecting, pensions and privatization.

Editor: J.M. Laats