Monthly Archives: | July, 2015

16 07 2015

Greek parliament voted yes to creditor’s demands

Parliament’s passage at 01:10 in the morning of Thursday helps secure Greece’s future in the eurozone, the 19 nations that use the euro currency. Despite anti-austerity protesters’ clashed with police late Wednesday night as lawmakers started to debate the measures at nearby Parliament building and finally won with 229 yes votes and 64 no. Greek parliament early Thursday accepted harsh terms demanded by creditors to receive nearly 86 billion euros in the country’s third bailout in five years. The yes vote will allow Athens to receive a financial lifeline from its international creditors, but comes at a significant cost of higher taxes, deep cuts in pensions and other government benefits and the sale of most state assets.

15 07 2015

Iran reconciles with the world

Iran and a group of six nations led by the United States, United Kingdom, France, China, Russia and Germany – began talking on nuclear issues in 2006. A historic agreement was signed on Tuesday limiting Tehran’s nuclear ability in return for lifting international oil and financial sanctions. Ban on Iran to buy certain dual-use machinery and technology will end, EU and US economic sanctions on Iran will be lifted, billions of US dollars of Iran’s frozen assets will be released and sanctions on Iran’s central bank, the National Iranian Oil Company, shipping lines, Iran Air, many other institutions and people will be lifted.