Greek MPs back new austerity plan as nation faces day of judgment

Despite a big parliamentary vote in favour of a deal with its creditors, Greece could be cut loose if it fails to win over EU leaders at a weekend of summits

Greece is facing its day of judgment as eurozone countries decide whether to open negotiations on a third multi-billion euro bailout for the insolvent country in five years - or whether it is to be cut loose and plunged into financial collapse.

A weekend of what is billed as "last-chance" summitry is to decide Greece's fate after the government of Alexis Tsipras caved in to creditors' demands for further austerity measures in return for the promise of limited debt relief. With the support of France, he tabled 13 pages of economic and tax reform pledges as the basis for talks on a new bailout worth more than a53bn (38bn) over three years.

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