German Parliament Approves Greece Bailout


Berlin: Amid a simmering international debate over providing more debt relief to Greece, the German parliament on Friday approved the Greek bailout proposal.

The vote was 439 in favor of moving ahead on the bailout deal negotiated by European leaders last weekend in Brussels. There were 119 votes against, and 40 legislators abstained.

Chancellor Angela Merkel and her finance minister, Wolfgang Schäuble, had urged Parliament during a debate before the vote to back the bailout, which both called “a last attempt” to order Greece’s finances and build a functioning state. It would be Greece’s third bailout in five years, and was negotiated with the goal of keeping the country in the Eurozone.