Wednesday 19 August 2015

The German Parliament Supported The Greek Bailout Deal




The German MPs voted to approve the bailout deal for Greece. 453 of them voted in favour of the deal, while 113 voted against it and 18 abstained.
According to German Finance Minister Wolfgang Schaeuble it would be “irresponsible” to oppose the €86bn package.
Chancellor Angela Merkel's centre-right conservative bloc has been divided over the deal.
Prior to the vote nearly 60 of her own MPs had indicated they would vote against the rescue package.
In total 47 MPs did not attend the session.
It is thought a significant proportion are conservatives, who stayed away to avoid defying Mrs Merkel and voting no to the deal.
Mrs Merkel's Christian Democrat (CDU) party and its Bavarian CSU allies hold 311 seats in the 631-seat Bundestag. Mrs Merkel's coalition partner, the Social Democrats, supported the deal, as did the opposition Greens.
Last month, 65 CDU/CSU politicians refused to support even starting negotiations for a third bailout.
Despite being one the harshest critics of Greece's left-wing Syriza government, Germany's finance minister told MPs before the vote that they should give Greece the opportunity of a new start.
Mr Schaeuble told parliament: "There is no guarantee that all of this will work and there can always be doubts.
"But considering the fact that the Greek parliament already approved most of the measures, it would be irresponsible not to seize this chance for a new beginning in Greece."


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