Germany Approves Greek Bailout Talks

Mrs Merkel has been trying to persuade fellow Christian Democrats to support the negotiations.
Mrs Merkel has been trying to persuade fellow Christian Democrats to support the negotiations.

Mrs Merkel has been trying to persuade fellow Christian Democrats to support the negotiations.

The German parliament has voted in favour of starting negotiations on Greece’s €86bn bailout deal. The motion passed with a clear majority, with 439 MPs in favour, 119 votes against and 40 abstentions. The Greek parliament has already voted in favour of the hard hitting austerity measures required by the eurozone for a third bailout deal. German Chancellor Angela Merkel told MPs ahead of Friday’s vote that the deal was hard for all sides, but said it was the “last” attempt to resolve the crisis. “We would be grossly negligent, indeed acting irresponsibly if we did not at least try this path,” she said. Austria’s parliament voted in favour of negotiations earlier on Friday. Germany and Austria are among several eurozone states requiring parliamentary approval to go ahead with bailout talks. France and Finland have already backed the negotiations. Separately on Friday, the EU Council approved a €7bn bridging loan for Greece from an EU-wide emergency fund to keep its finances afloat. The loan had already been approved in principle by eurozone ministers on Thursday, but required consultation with non-euro states. It means Greece will now be able to repay debts to two of its creditors, the European Central Bank and the International Monetary Fund, due on Monday.

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Chukwunonso Azinge is a Public health parasitologist whose variety of intrests ranges from international news reportage, writing articles on current world issues and of course football. Follow me on Twitter @azingelfc and on Facebook- Nonso 'King Kenny' Azinge.

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