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| Greek parliament approves bailout deal despite government rebellion - live updates | Greek parliament approves bailout deal despite government rebellion - live updates |
| (35 minutes later) | |
| 9.43am BST09:43 | |
| Readers who missed the all-night drama in the Greek parliament in favour of a good night’s speech can get a flavour from this video: | |
| 9.37am BST09:37 | |
| Portugal has outperformed France and Italy, and matched Germany, with growth of 0.4% in the last three months. | |
| Portugal 2Q GDP +0.4% on quarter, +1.5% on year. Same rises as previous quarter. | |
| 9.21am BST09:21 | |
| How the Syriza rebellion gathered pace: | |
| Today’s vote was the third time that Greek MPs have been asked to approve the third bailout, and each time Alexis Tsipras’s majority has been whittled away. | |
| Damian Mac Con Uladh of the Irish Times has been maintaining a spreadsheet showing how the rebellion has gathered pace. | |
| #Greece: Which #Syriza MPs voted No or abstained: spreadsheet showing last three votes. http://t.co/yBtnCByJZw #Vouli pic.twitter.com/hTWoMk6u5l | |
| As you can see, seven previously loyal members decided to abstain today, leaving Tsipras reliant on opposition MPs to get the bailout approved. | |
| And that’s why Greece could be heading into snap elections, unless some of these rebels return to the fold in a confidence vote. | |
| 9.15am BST09:15 | |
| Eurozone finance ministers will soon be heading to Brussels for a eurogroup meeting, to sign off the €85bn Greek bailout deal. | |
| Finland’s Alex Stubb is already on his way: | |
| Wheels up for Brussels. #Eurogroup meeting. Beautiful August morning in #Espoo. #esm #greece pic.twitter.com/VpkIWzOtKL | |
| Awfully pretty, and still stuck in a pretty awful recession. | |
| Updated at 9.26am BST | |
| 9.06am BST09:06 | 9.06am BST09:06 |
| Italian economy grows by just 0.2% | Italian economy grows by just 0.2% |
| Italy has just provided further confirmation that the eurozone economy has underperformed in the last quarter. | Italy has just provided further confirmation that the eurozone economy has underperformed in the last quarter. |
| Italian GDP rose by 0.2% quarter-on-quarter in April-June, below the 0.3% which had been expected. | Italian GDP rose by 0.2% quarter-on-quarter in April-June, below the 0.3% which had been expected. |
| That’s a quartet of disappointment. With Germany, France, Italy and the Netherlands all missing expectations, it’s very hard to see how the eurozone grew by the 0.4% which analysts expected. | That’s a quartet of disappointment. With Germany, France, Italy and the Netherlands all missing expectations, it’s very hard to see how the eurozone grew by the 0.4% which analysts expected. |
| 9.00am BST09:00 | 9.00am BST09:00 |
| Back in Athens, Greek MPs are staggering into the daylight after their marathon session. | Back in Athens, Greek MPs are staggering into the daylight after their marathon session. |
| It was touch-and-go at one stage, though. After the result was declared, speaker Zoe Konstantopoulou announced that the vote wasn’t legally valid and should be rerun within 24 hours. | It was touch-and-go at one stage, though. After the result was declared, speaker Zoe Konstantopoulou announced that the vote wasn’t legally valid and should be rerun within 24 hours. |
| It's over, MPs leaving, Konstantopoulou didn't get her wish of making everyone stay on #vouli | It's over, MPs leaving, Konstantopoulou didn't get her wish of making everyone stay on #vouli |
| 8.54am BST08:54 | 8.54am BST08:54 |
| The Netherlands economy has also missed expectations. | The Netherlands economy has also missed expectations. |
| Dutch GDP grew by just 0.1% in the last quarter, compared to estimates of 0.3%. | Dutch GDP grew by just 0.1% in the last quarter, compared to estimates of 0.3%. |
| #Netherlands | Q2 PRELIMINARY GDP Q/Q: 0.1% V 0.3%E; Y/Y: 1.6% V 2.2%E pic.twitter.com/6oJee3knAi | #Netherlands | Q2 PRELIMINARY GDP Q/Q: 0.1% V 0.3%E; Y/Y: 1.6% V 2.2%E pic.twitter.com/6oJee3knAi |
| 8.48am BST08:48 | 8.48am BST08:48 |
| The prospect of snap Greek elections this autumn will not please German MPs, who must give their approval to the deal next week: | The prospect of snap Greek elections this autumn will not please German MPs, who must give their approval to the deal next week: |
| 8.34am BST08:34 | 8.34am BST08:34 |
| If you’re just tuning in, here’s Jon Henley’s latest news story on the bailout vote: | If you’re just tuning in, here’s Jon Henley’s latest news story on the bailout vote: |
| Related: Greek parliament approves bailout deal | Related: Greek parliament approves bailout deal |
| 8.28am BST08:28 | 8.28am BST08:28 |
| Tsipras to call confidence vote after bailout rebellion | Tsipras to call confidence vote after bailout rebellion |
| Skai TV are reporting that Alexis Tsipras will call a vote of confidence sometime after August 20, which would lead to snap elections if he loses. | Skai TV are reporting that Alexis Tsipras will call a vote of confidence sometime after August 20, which would lead to snap elections if he loses. |
| And that’s because the Greek PM has suffered a significant rebellion among his own MPs at today’s vote. | And that’s because the Greek PM has suffered a significant rebellion among his own MPs at today’s vote. |
| According to one calculation, just 118 government MPs voted to approve the bailout plan - below the 120 votes needed to maintain Tsipras’s majority. | According to one calculation, just 118 government MPs voted to approve the bailout plan - below the 120 votes needed to maintain Tsipras’s majority. |
| Looks like confidence vote will take place after August 20, possibly leading to snap elections if #Tsipras doesn’t reach necessary majority | Looks like confidence vote will take place after August 20, possibly leading to snap elections if #Tsipras doesn’t reach necessary majority |
| #Greece: 3rd bailout passes; gov't MPs who voted for are 118, below min of 120 required to survive confidence vote. May lead to snap polls. | #Greece: 3rd bailout passes; gov't MPs who voted for are 118, below min of 120 required to survive confidence vote. May lead to snap polls. |
| Updated at 8.35am BST | Updated at 8.35am BST |
| 8.22am BST08:22 | 8.22am BST08:22 |
| Here’s the voting details: | Here’s the voting details: |
| Voting looks to have finished in #Greece parliament. 3rd Bailout approved by 222 votes to 64 with 11 abstentions. pic.twitter.com/si8un4W4Tz | Voting looks to have finished in #Greece parliament. 3rd Bailout approved by 222 votes to 64 with 11 abstentions. pic.twitter.com/si8un4W4Tz |
| 8.04am BST08:04 | 8.04am BST08:04 |
| Crisis-watcher Yannis Koutsomitis reckons the Greek government will just retain its majority in today’s vote, but it will be close: | Crisis-watcher Yannis Koutsomitis reckons the Greek government will just retain its majority in today’s vote, but it will be close: |
| Tsipras survives with up to 42 rebel votes or abstentions. 43 is the lethal number. #Greece | Tsipras survives with up to 42 rebel votes or abstentions. 43 is the lethal number. #Greece |
| Updated at 8.09am BST | Updated at 8.09am BST |
| 8.00am BST08:00 | 8.00am BST08:00 |
| Greece approves third bailout deal | Greece approves third bailout deal |
| It’s official: a majority of Greek MPs have voted to back the third aid programme. | It’s official: a majority of Greek MPs have voted to back the third aid programme. |
| Bailout bill passes #Greece pic.twitter.com/6e02qkxtD1 | Bailout bill passes #Greece pic.twitter.com/6e02qkxtD1 |
| But more government MPs are defying Alexis Tsipras and voting no -- meaning he could still lose his parliamentary majority. | But more government MPs are defying Alexis Tsipras and voting no -- meaning he could still lose his parliamentary majority. |
| Updated at 8.00am BST | Updated at 8.00am BST |
| 7.58am BST07:58 | 7.58am BST07:58 |
| it's a given that the bailout deal will pass, the issue is for government to retain at least 120 votes from syriza MPs. #vouli | it's a given that the bailout deal will pass, the issue is for government to retain at least 120 votes from syriza MPs. #vouli |
| 7.57am BST07:57 | 7.57am BST07:57 |
| Halfway through the vote, and 105 Greek MPs have now voted Yes, with 32 voting No and five abstaining. | Halfway through the vote, and 105 Greek MPs have now voted Yes, with 32 voting No and five abstaining. |
| 7.50am BST07:50 | 7.50am BST07:50 |
| The Greek parliament is on track to approve the third bailout deal, as the main opposition parties are supporting it: | The Greek parliament is on track to approve the third bailout deal, as the main opposition parties are supporting it: |
| So far voting in #Greece parliament shows 68 Yes 21 No and 2 abstentions (via Skai TV) | So far voting in #Greece parliament shows 68 Yes 21 No and 2 abstentions (via Skai TV) |
| 7.39am BST07:39 | 7.39am BST07:39 |
| Yanis Varoufakis has stuck to his word and voted against accepting the third bailout plan. Other Syriza rebels are also voting ‘No’. | Yanis Varoufakis has stuck to his word and voted against accepting the third bailout plan. Other Syriza rebels are also voting ‘No’. |
| Updated at 7.44am BST | Updated at 7.44am BST |
| 7.37am BST07:37 | 7.37am BST07:37 |
| Finally, Greek MPs are voting on whether to accept the third bailout. | Finally, Greek MPs are voting on whether to accept the third bailout. |
| Open roll-call vote underway in #Greece's parliament. #Vouli. pic.twitter.com/UfNW2HeXsV | Open roll-call vote underway in #Greece's parliament. #Vouli. pic.twitter.com/UfNW2HeXsV |
| 7.36am BST07:36 | 7.36am BST07:36 |
| My colleague in Athens, Jon Henley, has watched the Greek bailout debate - and reports on the serious disunity on display: | My colleague in Athens, Jon Henley, has watched the Greek bailout debate - and reports on the serious disunity on display: |
| The Athens parliament did not start debating the 400-page taxt of the draft bailout plan until nearly 4am after parliamentary speaker Zoe Konstantopoulou, a Syriza hardliner, ignored Tsipras’s request to speed up proceedings and instead raised a lengthy series of procedural questions and objections. | The Athens parliament did not start debating the 400-page taxt of the draft bailout plan until nearly 4am after parliamentary speaker Zoe Konstantopoulou, a Syriza hardliner, ignored Tsipras’s request to speed up proceedings and instead raised a lengthy series of procedural questions and objections. |
| In angry exchanges, the conservative opposition rounded on the government, warning it not to take its support for granted. “If you want to provoke us - and for us to vote for it - you can’t have it both ways,” New Democracy leader Vangelis Meimarakis told finance minister Euclid Tsakalotos. | In angry exchanges, the conservative opposition rounded on the government, warning it not to take its support for granted. “If you want to provoke us - and for us to vote for it - you can’t have it both ways,” New Democracy leader Vangelis Meimarakis told finance minister Euclid Tsakalotos. |
| On the left, former energy minister Panayiotis Lafazanis, who leads a rebel bloc of around a quarter of Syriza’s 149 MPs, pledged to “smash the eurozone dictatorship”, while in her concluding pre-vote remarks, Konstantopoulou announced: “I am not going to support the prime minister any more.” | On the left, former energy minister Panayiotis Lafazanis, who leads a rebel bloc of around a quarter of Syriza’s 149 MPs, pledged to “smash the eurozone dictatorship”, while in her concluding pre-vote remarks, Konstantopoulou announced: “I am not going to support the prime minister any more.” |
| Earlier, the government spokeswoman, Olga Gerovasili, conceded divisions within the leftist party, which swept to victory in January’s elections on a staunch anti-austerity platform, were now so deep that a formal split was probably inevitable. Tsipras could call fresh elections as early as next month. | Earlier, the government spokeswoman, Olga Gerovasili, conceded divisions within the leftist party, which swept to victory in January’s elections on a staunch anti-austerity platform, were now so deep that a formal split was probably inevitable. Tsipras could call fresh elections as early as next month. |
| Related: Greek parliament still thrashing out rescue deal vote | Related: Greek parliament still thrashing out rescue deal vote |
| And here are some photos from the all-night session: | And here are some photos from the all-night session: |
| Updated at 7.45am BST | Updated at 7.45am BST |
| 7.31am BST07:31 | 7.31am BST07:31 |
| Finland's recession continues | Finland's recession continues |
| There is no end to the economic gloom in Finland, where GDP has shrunk again. | There is no end to the economic gloom in Finland, where GDP has shrunk again. |
| Reuters has the details: | Reuters has the details: |
| Finland’s gross domestic product (GDP) contracted 0.4% in the second quarter from the previous quarter, preliminary data from the statistics office showed on Friday. GDP fell 0.1% quarterly in the first quarter. | Finland’s gross domestic product (GDP) contracted 0.4% in the second quarter from the previous quarter, preliminary data from the statistics office showed on Friday. GDP fell 0.1% quarterly in the first quarter. |
| Second-quarter GDP was 1.0% lower than the same period a year earlier. | Second-quarter GDP was 1.0% lower than the same period a year earlier. |
| In June, output fell 0.9% compared with a year earlier, the statistics office said. The Finnish economy has contracted for three years in a row. | In June, output fell 0.9% compared with a year earlier, the statistics office said. The Finnish economy has contracted for three years in a row. |
| Updated at 8.08am BST | Updated at 8.08am BST |
| 7.24am BST07:24 | 7.24am BST07:24 |
| Yanis Varoufakis: I can't back the bailout | Yanis Varoufakis: I can't back the bailout |
| More drama in the Athens parliament, as the all-night debate continues. | More drama in the Athens parliament, as the all-night debate continues. |
| Former finance minister Yanis Varoufakis has just intervened, telling the chamber that he cannot vote for the bailout deal. But he still supports the government, so suggests that he should resign as an MP to allow Tsipras to appoint a successor. | Former finance minister Yanis Varoufakis has just intervened, telling the chamber that he cannot vote for the bailout deal. But he still supports the government, so suggests that he should resign as an MP to allow Tsipras to appoint a successor. |
| Varoufakis says he cannot vote for the deal #Greece pic.twitter.com/5LcqRTpPft | Varoufakis says he cannot vote for the deal #Greece pic.twitter.com/5LcqRTpPft |
| Varoufakis has offered to resign as MP to help gov't remain above 120 seats, which would be minimum needed in confidence vote #Greece | Varoufakis has offered to resign as MP to help gov't remain above 120 seats, which would be minimum needed in confidence vote #Greece |
| Updated at 7.24am BST | Updated at 7.24am BST |
| 7.13am BST07:13 | 7.13am BST07:13 |
| German GDP misses forecasts | German GDP misses forecasts |
| Germany’s latest growth figures are also weaker than expected. | Germany’s latest growth figures are also weaker than expected. |
| The eurozone’s powerhouse economy grew by just 0.4% in April-June, slightly below the 0.5% which economists had forecast. | The eurozone’s powerhouse economy grew by just 0.4% in April-June, slightly below the 0.5% which economists had forecast. |
| That, plus France’s disappointing figures, suggests growth in the eurozone will miss the 0.4% which the City expected. | That, plus France’s disappointing figures, suggests growth in the eurozone will miss the 0.4% which the City expected. |
| #Germany misses after #France on Eurozone GDP day. German 2Q GDP Adj +0.4% undershooting forecast of +0.5% On Qtr. pic.twitter.com/pweXuGbvZ4 | #Germany misses after #France on Eurozone GDP day. German 2Q GDP Adj +0.4% undershooting forecast of +0.5% On Qtr. pic.twitter.com/pweXuGbvZ4 |
| 7.02am BST07:02 | 7.02am BST07:02 |
| Back in Athens, Tsipras has warned MPs that they must give their approval to the bailout plan today - so Greece can get the money to repay the European Central Bank next week. | Back in Athens, Tsipras has warned MPs that they must give their approval to the bailout plan today - so Greece can get the money to repay the European Central Bank next week. |
| #Greek PM tells MPs tt bridging loan (2 cover looming ECB debt) would plunge the country back into crisis | #Greek PM tells MPs tt bridging loan (2 cover looming ECB debt) would plunge the country back into crisis |
| 6.57am BST06:57 | 6.57am BST06:57 |
| French economy stagnated in Q2 | French economy stagnated in Q2 |
| France has got Eurozone GDP Day off to a bad start, by posting no growth in the last three months. | France has got Eurozone GDP Day off to a bad start, by posting no growth in the last three months. |
| France’s economic output was unchanged in the April-June quarter, stats body INSEE just reported. That’s weaker than the 0.2% which analysts had expected. | France’s economic output was unchanged in the April-June quarter, stats body INSEE just reported. That’s weaker than the 0.2% which analysts had expected. |
| Household spending slowed, while French firm continued to cut investment. On the positive side, exports grew by 1.7%. | Household spending slowed, while French firm continued to cut investment. On the positive side, exports grew by 1.7%. |
| Good morning from #Italy on Eurozone GDP day. Data will highlight that end of stagnation not in sight. France misses. pic.twitter.com/DmGQEfdq3a | Good morning from #Italy on Eurozone GDP day. Data will highlight that end of stagnation not in sight. France misses. pic.twitter.com/DmGQEfdq3a |
| 6.50am BST06:50 | 6.50am BST06:50 |
| Tsipras: I don't regret compromising. | Tsipras: I don't regret compromising. |
| Alexis Tsipras is telling bleary-eyed Greek MPs that he doesn’t regret the deal he agreed to in Brussels last month. | Alexis Tsipras is telling bleary-eyed Greek MPs that he doesn’t regret the deal he agreed to in Brussels last month. |
| Addressing parliament after the all-night session heads (finally) to a climax, Tsipras is insisting that he didn’t have a mandate for Grexit: | Addressing parliament after the all-night session heads (finally) to a climax, Tsipras is insisting that he didn’t have a mandate for Grexit: |
| "We took a painful decision of responsibility," #Greek PM tells parliament after all-nite debate ahead of vote on latest bailout deal | "We took a painful decision of responsibility," #Greek PM tells parliament after all-nite debate ahead of vote on latest bailout deal |
| Going the drachma route would have been tantamount to committing suicide, #Greek PM Alexis Tsipras tells parliament ahead of vote on deal | Going the drachma route would have been tantamount to committing suicide, #Greek PM Alexis Tsipras tells parliament ahead of vote on deal |
| Tsipras: Denouncing the debt is not an alternative solution #Greece pic.twitter.com/Jjm49PJYma | Tsipras: Denouncing the debt is not an alternative solution #Greece pic.twitter.com/Jjm49PJYma |
| Updated at 7.06am BST | Updated at 7.06am BST |
| 6.46am BST06:46 | 6.46am BST06:46 |
| Introduction: Eurozone GDP and Greek bailout deal | Introduction: Eurozone GDP and Greek bailout deal |
| Good morning. | Good morning. |
| Greece’s bailout deal is heading down to the wire today, with Eurozone finance ministers due to sign off the plan today. | Greece’s bailout deal is heading down to the wire today, with Eurozone finance ministers due to sign off the plan today. |
| But first, Greece needs to give its approve. | But first, Greece needs to give its approve. |
| And as I type, the country’s MPs are still arguing over whether to back the plan, as the debate which began on Thursday evening drags into Friday morning. | And as I type, the country’s MPs are still arguing over whether to back the plan, as the debate which began on Thursday evening drags into Friday morning. |
| The fragile consensus between the major Greek parties appears to have unravelled overnight, with bitter exchanges between key players. | The fragile consensus between the major Greek parties appears to have unravelled overnight, with bitter exchanges between key players. |
| Addressing #greek parliament this am #Syriza rebel #Lafazanis says he doesn't know whether he "feels pity or sorrow" for the government | Addressing #greek parliament this am #Syriza rebel #Lafazanis says he doesn't know whether he "feels pity or sorrow" for the government |
| #Greek parliamentary now witnessing extraordinary tirade against PM by his once close friend & top #Syriza cadre Zoe Konstantopoulou | #Greek parliamentary now witnessing extraordinary tirade against PM by his once close friend & top #Syriza cadre Zoe Konstantopoulou |
| Alexis Tsipras is on his feet now, telling MPs that the bailout agreement is a “necessary choice”, so the vote may finally come soon. | Alexis Tsipras is on his feet now, telling MPs that the bailout agreement is a “necessary choice”, so the vote may finally come soon. |
| tsipras: the first cycle of a painful process closes today. #vouli | tsipras: the first cycle of a painful process closes today. #vouli |
| Eurozone finance ministers are due to meet this afternoon in Brussels, to give their approval for the plan. They can also ponder the latest warning that Greece needs significant debt relief, with borrowing likely to peak at 201% of national output (GDP) in 2016. | Eurozone finance ministers are due to meet this afternoon in Brussels, to give their approval for the plan. They can also ponder the latest warning that Greece needs significant debt relief, with borrowing likely to peak at 201% of national output (GDP) in 2016. |
| Related: Greece creditors raise 'serious concerns' about spiralling debt levels | Related: Greece creditors raise 'serious concerns' about spiralling debt levels |
| Also on the agenda today, we get growth figures from across the eurozone for the second quarter of 2015. | Also on the agenda today, we get growth figures from across the eurozone for the second quarter of 2015. |
| France’s data is coming out now, followed by Germany at 7am BST, The Netherlands at 8.30am, Italy at 9am, and the overall eurozone at 10am BST. | France’s data is coming out now, followed by Germany at 7am BST, The Netherlands at 8.30am, Italy at 9am, and the overall eurozone at 10am BST. |
| I’ll be tracking all the action through the day. | I’ll be tracking all the action through the day. |
| Updated at 7.52am BST | Updated at 7.52am BST |