Greek PM faces Eurozone deal battle

Greek Prime Minister Alexis Tsipras is facing a tough battle to win support from coalition partners for the third bailout offered by eurozone leaders, BBC News reported.

Four pieces of legislation must be passed by the end of Wednesday including pension and VAT reforms.

But Defence Minister Panos Kammenos, a junior coalition partner, has already said he will not support the measures.

If the deal fails, Greece's banks face collapse and the country could then be forced to leave the euro.

The bailout is conditional on Greece passing all the agreed reforms - including raising tax revenue and liberalising the labour market - in parliament by Wednesday.

Finance ministers from all 28 EU countries are holding a scheduled meeting in Brussels on Tuesday morning, where they will discuss the situation in Greece.
Following about 17 hours of summit talks in Brussels an EU statement on Monday spoke of up to €86bn (£61bn) of financing for Greece over three years.

Although it included an offer to reschedule Greek debt repayments "if necessary", there was no provision for the reduction in Greek debt - or so-called "haircut" - that the Greek government had sought.

Parliaments in several eurozone states also have to approve any new bailout.