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Greek Parliament votes for economic reforms

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Greek Parliament votes for economic reforms

European leaders are meeting this weekend to discuss Greece



Greek Prime Minister Alexis Tsipras says his country is now in a better position to negotiate with creditors. Just after midnight the Greek Parliament voted to accept formerly rejected economic reform that is include expending cuts and tax hicks. The International Monetary Fund, IMF estimates Greece needs at least another 55 billion dollars.
Europe says it wants to finalize a deal by Sunday. If no deal is reached, Greece could be forced out of the Eurozone.
The proposal includes:
13 billion euros in spending cuts
Reforms to VAT %23 restaurants
Abolish low VAT rate on some islands
End solidarity payments to pensioners
Raise corporate tax rate to %28
Cut in military spending