| 1 | Greece's Prime minister Alexis Tsipras delivers a speech during a gathering at the Agriculture ministry in Athens, Greece, on Wednesday, Aug. 5, 2015. |
| 2 | ATHENS, Greece -- Greece's government submitted the draft bill for a new bailout to parliament overnight, in the hope of tapping the new rescue loans in time to avoid defaulting on its debts next week. |
| 3 | Prime Minister Alexis Tsipras called an emergency session of parliament to discuss and vote on the bill, which includes painful tax hikes and spending cuts, by the end of Thursday. |
| 4 | Tsipras has been facing fierce opposition to the bailout from hardliners within his left-wing Syriza party, although the bill is expected to pass in the 300-member parliament with votes in favour from lawmakers in pro-European opposition parties. |
| 5 | Greece has been anxious to conclude a deal with its creditors for the three-year, roughly 85 billion euro ($93 billion) in time to receive funds ahead of an Aug. 20 debt repayment due to the European Central Bank from its first bailout. |
| 6 | Tsipras is asking the assembly's speaker to have the bill go through committee level Wednesday, ahead of a full debate and vote Thursday. |
| 7 | Parliament Speaker Zoe Konstantopoulou, a dissenter within Tsipras' left-wing Syriza party and vociferous bailout opponent, reportedly scheduled the parliamentary procedure to start only Wednesday night. |
| 8 | That would delay the process and meaning a vote would likely be held in the pre-dawn hours of Friday. |
| 9 | The draft bailout agreement sees Tsipras accepting what he had vowed to resist only months ago: the sale of some state property and deep cuts to pensions, military spending and ending tax credits to people considered vulnerable. |
| 10 | The bill includes legislation opening up protected professions to more competition, increasing personal, corporate and property taxes and abolishing early retirements. |
| 11 | Tax hikes cover sectors as diverse as diesel fuel for farmers, private school tuition and Greek-interest shipping, while small businesses and freelances will have to prepay the entire amount of the following year's taxes. |
| 12 | The deal contains legislation on issues as detailed as where fresh bread can be sold, the expiry date of fresh milk and regulations on when stores can hold discount sales. |
| 13 | Once Greece's parliament ratifies the bill, the deal needs the approval of the other 18 eurozone nations' finance ministers, who are to discuss the issue Friday. |
| 14 | Several countries, including Germany, which has been Greece's harshest critic, must then also ratify the deal in their own parliaments before any funds can be disbursed. |
| 15 | Germany has so far sounded cautious at best over the deal, saying Wednesday when it was announced that Berlin would need to examine the details. |