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Germany: Bundestag approves third Greek bailout01:08

Germany: Bundestag approves third Greek bailout

Germany, Berlin
July 17, 2015 at 17:11 GMT +00:00 · Published

The German Bundestag approved the beginning of negotiations with Greece over a third bailout, in Berlin on Friday. The bill had 439 lawmakers voting in favour and 119 against, with 40 abstentions.

The bill was approved despite 50 members of Angela Merkel’s Christian Democratic Union of Germany (CDU)/ Christian Social Union in Bavaria (CSU) bloc rebelling, and joining with Die Linke MPs to vote against the measure.

The Greek parliament has already voted in favour of the bailout package which features a raft 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: Bundestag approves third Greek bailout01:08
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The German Bundestag approved the beginning of negotiations with Greece over a third bailout, in Berlin on Friday. The bill had 439 lawmakers voting in favour and 119 against, with 40 abstentions.

The bill was approved despite 50 members of Angela Merkel’s Christian Democratic Union of Germany (CDU)/ Christian Social Union in Bavaria (CSU) bloc rebelling, and joining with Die Linke MPs to vote against the measure.

The Greek parliament has already voted in favour of the bailout package which features a raft 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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