German approves Greece bailout talks

BERLIN - The German parliament has voted in favour of starting negotiations on Greece's €86bn (£60bn) bailout deal.

The motion passed with a clear majority, with 439 MPs in favour, 119 votes against and 40 abstentions.

Prior to the vote, Chancellor Angela Merkel warned of "predictable chaos" if the Bundestag did not back the plan.

The Greek parliament has already voted in favour of the hard-hitting austerity measures required by the eurozone for a third bailout deal.

On Thursday, the European Central Bank (ECB) raised the level of emergency funding available. This has paved the way for Greek banks, which shut nearly three weeks ago, to reopen on Monday.

Comments (1)

germany has lost ts political ground in the world so they have to relax

clement - 20 July 2015

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