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Germany: Debt crisis "hard" on the Greek people says Merkel00:27

Germany: Debt crisis "hard" on the Greek people says Merkel

Germany, Berlin
July 17, 2015 at 15:37 GMT +00:00 · Published

German Chancellor Angela Merkel called the ongoing Greek debt crisis "hard" on the Greek people, as she opened the Bundestag's debate on a bailout deal for Athens on Friday, ahead of a vote on whether Germany should start negotiations on a third rescue package.

After the decision in Brussels to negotiate a new bailout for Greece, Germany's lower house of parliament will vote on a mandate for the German government to negotiate with Athens on a third bailout. The Greek parliament has already voted in favour of the bailout package which features a range of austerity measures.

The proposed bailout currently stands at €86 billion ($94 billion), a large proportion of which is expected to be underwritten by Germany.

Germany: Debt crisis "hard" on the Greek people says Merkel00:27
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Description

German Chancellor Angela Merkel called the ongoing Greek debt crisis "hard" on the Greek people, as she opened the Bundestag's debate on a bailout deal for Athens on Friday, ahead of a vote on whether Germany should start negotiations on a third rescue package.

After the decision in Brussels to negotiate a new bailout for Greece, Germany's lower house of parliament will vote on a mandate for the German government to negotiate with Athens on a third bailout. The Greek parliament has already voted in favour of the bailout package which features a range of austerity measures.

The proposed bailout currently stands at €86 billion ($94 billion), a large proportion of which is expected to be underwritten by Germany.

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