German Parliament approves Greek support program
- Written by E.Tsiliopoulos
The German Parliament on Wednesday approved the Greek support program and the disbursement of the first installment of 26 billion euros. 454 deputies voted in favour, 113 voted against and 18 abstained.
The Bundestag, has agreed to the third bailout package for Greece, which is worth €86bn (£61bn, $95bn) and is sent to the country by the European Stability Mechanism. An impressive majority of 454 out of 585 members of the Bundestag agreed with the terms of the bailout on 19 August.
The agreement was reached a day before Greece's repayment deadline to the European Central Bank, on 20 August. "The decision on another bailout package for Greece does not fall lightly," Finance Minister Wolfgang Schauble said, according to German newspaper die Welt.
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