IPFS News Link • European Union
Greek Cabinet Reshuffle Expected
• http://www.voanews.comGreek Prime Minister Alexis Tsipras is widely expected to reshuffle his Cabinet in the next few days, now that Greece has won an increase on the cap for its emergency funding from the European Central Bank.
The reprieve from European creditors followed a vote by Greek lawmakers Thursday approving tough new austerity measures that included tax increases and cuts to pensions.
The vote sparked a revolt by some members of Mr. Tsipras' own party, as well as protests on the street by Greek citizens who say the nation is already overburdened by cost-cutting measures.
German Chancellor Angela Merkel spoke Friday to the lower house of the German parliament in an attempt to convince lawmakers to back a new Greek bailout deal. Germany - Europe's wealthiest nation - is one of Greece's largest creditors, and its lawmakers are expected to approve new talks for Athens.
Banks to re-open
Athens said the new European funding will permit the re-opening of banks that have been closed since late June. Bank customers have been limited to withdrawals of only $67 (60 euros) per day from streetside cash machines.
The government has said that as banks reopen, the withdrawal limits will likely be relaxed to a weekly limit it has not yet announced.
German Chancellor Angela Merkel spoke Friday to the lower house of the German parliament in an attempt to convince lawmakers to support talks for a new Greek bailout deal.




