Greece Parliament Backs Bailout Proposals: Reports

By MarketWatch Pulse

Greece's parliament backed Prime Minister Alexis Tsipras's bailout proposals in an early Saturday morning vote in Athens, news reports said. The vote will allow the Greek government to use the proposals as the basis for talks with its creditors in Brussels this weekend. Tsipras, in an about-face, on Thursday submitted proposals that were seen giving ground to lenders' demands. Failure to reach an agreement this weekend would significantly raise the risk of a Greek default and potential exit from the eurozone.

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