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Greek Lawmakers Back Rescue Package After All-Night Session

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Greece Votes YES to Rescue Package

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Greek legislators approved a bailout package that may unlock as much as 86 billion euros ($96 billion) and help the nation avoid a default next week when it has to make a payment to the European Central Bank.

After an all-night debate in Athens, Prime Minister Alexis Tsipras had to rely on opposition votes to secure parliament’s backing on Friday morning for a deal that includes sweeping economic reforms and budget cuts mandated by Greece’s creditor institutions. Tsipras will request a confidence vote later this month after he suffered multiple defections from his Syriza-led coalition, according to a government official who asked not to be named in line with policy.