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Greek Lawmakers to Vote on Reform Plan

Members of the Communist-affiliated PAME labor union hang an anti-austerity banner depicting and reading ''1st memorandum with former Greek Prime Minister George Papandreou, 2nd memorandum with former Prime Minister Antonis Samaras, 3rd memorandum with Gr

Greek lawmakers are set to vote Wednesday on tough new bailout legislation, as Prime Minister Alexis Tsipras presses lawmakers to support harsh reforms demanded by European creditors in exchange for badly needed cash.

Members of parliament are expected to spend the first part of the day discussing the bill and vote on it afterwards.

The bill, submitted Tuesday, specifies new taxes, pension reforms and tighter supervision of government finances. European creditors have demanded parliamentary approval by Wednesday, as a starting point for new negotiations on another bailout worth nearly $95 billion.

Some Greek labor unions have called strikes to protest the legislation.

European leaders announced agreement on the new demands Monday, as part of an effort to provide immediate relief to cash-starved Greek banks, which are struggling to provide the public with small, daily cash disbursements.

Spanish Prime Minister Mariano Rajoy said Wednesday he will submit the legislation to the Spanish parliament, to ensure support among Spaniards for the funds they will be obligated to contribute to the bailout. He did not say when a vote would take place.

Analysts say any new deal also aims to keep Greece in the 19-nation grouping that uses the euro currency.

The Tsipras government and its allies hold 162 seats in the 300-member parliament. But about 30 of the ruling Syriza party's own deputies have publicly voiced objections to the legislation.

Analysts are predicting the legislation will nonetheless win approval because most opposition parties support it.

There was speculation Tuesday that Prime Minister Tsipras could reshuffle his Cabinet to remove dissenters from key positions. But no such moves had been announced by late in the day.