• Spain's news in English

Spanish lawmakers overwhelmingly approve third bailout for Greece

AFP · 19 Aug 2015, 09:13

Published: 18 Aug 2015 15:41 GMT+02:00
Updated: 19 Aug 2015 09:13 GMT+02:00

Facebook Twitter Google+ reddit

Members of the lower house of parliament voted 297-29 in support of the 86-billion-euro (96-billion-dollar) aid package with only the tiny far-left United Left party voting against it.

Spain, which received European financial aid for its ailing banks in 2012, will supply 10.15 billion euros to the latest Greek bailout.

Unlike other eurozone nations such as Germany, Spain was not required to have its parliament approve the bailout but Prime Minister Mariano Rajoy said he decided to put it to a vote because Madrid's contribution to the aid package is "significant".

The vote was guaranteed to pass because Rajoy's conservative Popular Party (PP) has an absolute majority in the assembly.

The PP used the debate to promote itself as the guarantor of Spain's economic recovery going into elections due at the end of the year where they face a stiff challenge from new anti-austerity party Podemos, a close ally of Greece's radical left ruling Syriza party.

"There are three lessons to learn from the Greek crisis. First of all, we can't get around the obstacle (of reforms). Secondly, populist siren songs only end in mirages," Economy Minister Luis de Guindos told the assembly.

"Finally... irresponsible policies have a price," he added.

During an interview with news radio Cadena Ser, the Podemos secretary for political affairs, Inigo Errejon, accused the government of debating the Greek bailout in parliament "for propaganda reasons".

Rajoy is betting on Spain's economic recovery to win re-election to a second term despite poor personal approval ratings.   

Spain emerged in 2013 from five years of on-off recession, and the government forecasts the economy will grow by 3.3 percent this year -- more than twice the average forecast for eurozone countries -- and by 3.0 percent next year.

Story continues below…

But unemployment stood at 22.4 percent in the second quarter, the second-highest rate in the eurozone after that of bailed-out Greece.

Eurozone finance ministers on Friday gave the green light to the latest Greek bailout package, which averted the country's expulsion from the euro but will require more sacrifices from Greeks.

Finland, one of the eurozone countries most sceptical about pouring more aid into Greece, also backed the bailout last Thursday. The German parliament will vote on it on Wednesday.

For more news from Spain, join us on Facebook and Twitter.

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Russia withdraws request to refuel warships in Ceuta
The aircraft carrier Admiral Kuznetsov was due to dock in Ceuta

Russia has withdrawn a request for its aircraft carrier group to be refuelled at the Spanish port of Ceuta, authorities confirmed.

Bulls replace guard dogs at scrap yard in Valencia
Two bulls will be patrolling the scrap yard in eastern Spain. Archive photo: AFP

Guard dogs were not proving enough of a deterrent to thieves at a car breakers yard in eastern Spain so the owner has brought in a pair of fighting bulls.

Two-headed shark born in Spanish laboratory
Scientists are studying the rare find. Photo: IBIMA / University of Malaga

Scientists at the University of Malaga found the embryo of a shark with two heads and just one body.

Spain under pressure to stop refuel of Russian warships
Russian aircraft carrier Admiral Kuznetsov is due to arrive in Ceuta. Photo: Mil Ru / Wikimedia

Spain is facing international pressure to refuse permission for a Russian warship flotilla to refuel in Ceuta en route to continuing airstrikes against the Syrian city of Aleppo.

Most wanted: Fugitive rapist arrested in Tenerife
Mohammed Jahangir Alam was arrested n Tenerife. Photo: Crimestoppers.

Mohammed Jahangir Alam, one of Britain's most wanted fugitives, who fled the country in 2008 after allegedly raping a woman, was found working in Tenerife.

Spain's Rajoy says king has tasked him with forming govt
Photo: AFP

Spain's king on Tuesday tasked Mariano Rajoy with forming a government, taking the acting conservative prime minister a step closer to power again after a 10-month political deadlock.

Two imams arrested in Ibiza resort over 'Isis support'
The men were arrested in the resort of Sant Antoni de Portmany. Photo: Jose A / Flickr

Two Moroccan imams at a mosque on the Spanish resort island of Ibiza were arrested Tuesday on suspicion of backing the Islamic State group and inciting jihad.

Balearic Islands choose to keep summertime forever
The islands will have longer evenings during winter. Photo: AFP

The Balearic Islands want to keep summertime when the rest of Spain turns the clocks back on Sunday.

  Brazilian had 'uncontrollable desire to kill': Spain police
Francois Patrick Nogueira Gouveia has been charged with murdering his uncle, his wife and their two children. Photo: Guardia Civil.

A Brazilian teenager accused of dismembering his uncle and aunt and killing their two young sons in a grisly crime that shocked Spain had an "uncontrollable desire to kill", police said on Monday.

Man rescued from bin after climbing in to find old clothes
Photo: Policía Local Murcia

Police were called after passersby reported hearing a man calling for help from within a rubbish bin in the Vistabella neighbourhood of Murcia, southern Spain.

Analysis & Opinion
Out of the dark: Five years on from Eta ceasefire
Sponsored Article
Last chance to vote absentee in the US elections
Spanish 'La Mafia' restaurants banned after Italian complaint
Spain's top court overturns bullfighting ban in Catalonia
Hunt launched for ten most wanted Brit fugitives hiding out in Spain
Napflix: Spaniards launch very boring TV channel for siestas
Madrid parish church faces fine over 'too noisy' bells
Celebrate expat life at Madrid’s THRIVE convention
Fury after kids told to bring their own loo roll to school
Disney announces plans for Don Quixote action movie
Activist tells 8-yr-old matador wannabe with cancer 'just die'
King to make last minute push to avoid third vote in Spain
Amazing photos of Catalonia's 'human tower' contest
What's on in Spain: October 2016
'No way, Jose! You'll never get your hands on our Rock'
Recipe: How to make a classic Spanish tortilla de patatas
Chorizo in paella? Go back to cooking school Jamie Oliver
Spain in eye of a perfect storm after 10 months without govt
Thousands share clips of life for 'Spain in a Day' film
Ten incredible Spain locations for Game of Thrones season 7
Analysis & Opinion
Why moving to Spain could be the best decision of your life
Seven reasons why autumn is the very best season in Spain
Spanish study finds four types of personality. Which are you?
New search underway for civil war grave of poet Lorca
jobs available