German Parliament Approves Third Greek Bailout, Opposing Votes Drop

zerohedge.com / by Tyler Durden / 08/19/2015 07:03 -0400

With a Greek payment to the ECB due tomorrow, there was no doubt that Germany’s parliament would ratify the Third Greek bailout, and the only question was whether political opposition to a Greek rescue would be larger or smaller than expressed in the last such Bundestag vote on July 17. Sure enough, following a speech by Schauble urging his fellow MPs to give Greece a “chance for a new start”, moments ago the German parliament approved the third bailout with 454 votes for, 113 against – of which 63 were Merkel’s lawmakers – and 18 abstentions.

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