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Greek Parliament was again Thursday in front of a crucial vote for the country’s financial future. After the adoption of a draconian austerity plan Wednesday, immediately welcomed by EU leaders, members of parliament will decide on Greek legislation implementing fiscal measures, according to AFP.

Greek Parliament was again Thursday in front of a crucial vote for the country’s financial future. After the adoption of a draconian austerity plan Wednesday, immediately welcomed by EU leaders, members of parliament will decide on Greek legislation implementing fiscal measures, according to AFP. 

The law provides the means to achieve savings of 28 billion state budget in four years and commitment to massive privatization should bring another 50 billion into government coffers. The adoption of this text will open the way to release the next tranche of 12 billion euros in financial aid.

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The situation remains tense, still in Athens, where clashes between demonstrators and police groups continued until Wednesday evening, claiming over a hundred injured. In Berlin, German Finance Minister, Wolfgang Schäuble met with the country’s main banks to discuss ways of saving their participation in Greece. 

If the Greek Parliament will vote without a problem austerity law enforcement Thursday, finance ministers euro area will meet Sunday to decide the release of the fifth installment loan granted in 2010, plus “additional financial aid whose contours are not yet fully defined.”