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German Parliament expected to pass vote on Greece bailout

Published by Business Insider on Wed, 19 Aug 2015


BERLIN (AP) ' The German Parliament is expected to approve another bailout package for Greece with overwhelming support, despite misgivings among some conservative lawmakers.Finance Minister Wolfgang Schaeuble, a senior member of Chancellor Angela Merkel's Christian Democratic Party, will present the government's argument Wednesday for the 86 billion euro ($93 billion) bailout package for Greece.Germany is the largest single contributor to the bailouts and many conservatives are skeptical about a third bailout for Greece.Media have reported that in a test vote late Tuesday 60 of 311 conservative lawmakers voted no or abstained ' fewer than had been speculated would say no.In a similar vote last month, 60 members of the caucus voting no.The deal is also supported by Merkel's coalition partner, the Social Democrats, and the opposition Greens.Join the conversation about this story
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