Greece set to vote on second set of reforms

The parliament in Greece is due to vote Wednesday on a second set of reforms demanded by its lenders if it is to receive a third bailout package.

According to a CNBC report, talks over the third bailout program for Greece, worth 86 billion euros (USD 94 billion) are expected to start once the reforms to Greece's judicial and banking system are passed by the parliament.

According to a press release detailing Prime Minister Tsipras's remarks to colleagues on the eve of the vote, he has defended his decision to bend to lenders' demands for a third bailout deal.

Tsipras, who came to power in January on an anti-austerity pledge, has been accused of betraying both the party and the Greek people after agreeing to terms which were even tougher than those initially demanded by the country's creditors, who have already bailed out Greece to the tune of 240 billion euros.