From the news desk

Germans approve Greece bailout extension

Share this article

Germany’s parliament has approved a four-month extension of Greece’s financial bailout, despite unease over the new government in Athens.

Greece was granted the extension by its European creditors on Friday in exchange for a commitment to budget reforms.

“This is not about new billions for Greece, not about changing this programme,” Finance Minister Wolfgang Schaeuble assured parliament ahead of the vote.

“It’s about providing additional time to complete this programme successfully,” the finance minister said.

Lawmakers voted 542-32 to back the bailout extension. There were 13 abstentions.

Germany is among the countries that needed to approve the deal in its national parliament.

Comments by Greek officials casting doubt on their promise to privatization deals and raising the possibility of further debt relief had irked some in Germany in the run-up to the vote. Al Jazeera

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

WhatsApp WhatsApp us
Wait a sec, saving restore vars.