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Greek MPs back bailout reform plan Greek MPs back bailout reform plan
(35 minutes later)
Greece's parliament has backed a government package of economic reforms aimed at ending the country's debt crisis and securing a new bailout.Greece's parliament has backed a government package of economic reforms aimed at ending the country's debt crisis and securing a new bailout.
In a late-night debate, Prime Minister Alexis Tsipras admitted many proposals fell short of his party's anti-austerity promises.In a late-night debate, Prime Minister Alexis Tsipras admitted many proposals fell short of his party's anti-austerity promises.
But he said there was a "national duty to keep our people alive and in the eurozone".But he said there was a "national duty to keep our people alive and in the eurozone".
The proposals are to be studied by eurozone finance ministers later.The proposals are to be studied by eurozone finance ministers later.
EU sources says Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - believe the plan is positive.EU sources says Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - believe the plan is positive.
Eurozone officials are also expected to discuss Greek requests for some of the debt to be rescheduled.Eurozone officials are also expected to discuss Greek requests for some of the debt to be rescheduled.
Mr Tsipras is asking for €53.5bn ($59.47bn) to cover Greece's debts until 2018. In return, he has given in to demands for a pension overhaul, tax rises and privatisations. While a majority of the 300-member parliament backed the plans in the early hours of Saturday, several government MPs voted against or abstained.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. Mr Tsipras is asking for €53.5bn ($59.47bn) to cover Greece's debts until 2018.
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. In return, he has given in to demands for a pension overhaul, tax rises and privatisations - measures rejected in a referendum last Sunday.
Greek banks are days away from running out of money and unless a deal is struck the country faces exiting the euro.
The BBC's Mark Lowen in Athens says the Greek reform package is a major climbdown for the prime minister, whose radical left-wing Syriza party was elected on a strong anti-austerity platform.