german parliament backs greek bailout with large majority
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

German parliament backs Greek bailout with large majority

Arab Today, arab today

Arab Today, arab today German parliament backs Greek bailout with large majority

German Chancellor Angela Merkel (C)
Berlin - AFP

The German parliament voted by an overwhelming majority Wednesday to back a third bailout for Greece, with Chancellor Angela Merkel spared a major rebellion of deputies opposing the aid.

Interrupting their holidays for the second time this summer to cast ballots on a Greek rescue, lawmakers in the Bundestag lower house approved the 86-billion-euro ($95-billion) rescue by 454 votes to 113.

Eighteen abstained and attendance was markedly lower than during a vote last month approving the start of negotiations on the package.

While the approval was virtually guaranteed given the dominance of Merkel's left-right "grand coalition,"the key question was whether the chancellor would face damaging dissent within her own camp.
The mass-market daily Bild had predicted around 120 MPs could jump ship. An official breakdown of how deputies voted was expected later Wednesday but much of the dissent seemed to come from the far-left Linke party rather than the conservatives.

Germany's powerful finance minister, Wolfgang Schaeuble, had opened the debate telling MPs it would be "irresponsible" not to approve a third bailout for Greece.

He said Athens had earned a fresh opportunity to salvage its economy with the help of its eurozone partners, including its de-facto paymaster Germany.
"There is no guarantee that all of this will work and there can always be doubts," he said.

"But considering the fact that the Greek parliament already approved most of the (stipulated reform) measures, it would be irresponsible not to seize this chance for a new beginning in Greece," he said to applause from the chamber as Merkel looked on.

Underlining the controversy throughout the eurozone surrounding the latest lifeline for Athens, Dutch Prime Minister Mark Rutte was to face a grilling in his own parliament, and a possible no-confidence vote, over his cabinet's support for the bailout.

The Bundestag's blessing was required for German participation in the latest Greek bailout plan.

But grumbling has grown ever louder within Merkel's Christian Union bloc over help extended to the Greek government of leftist Prime Minister Alexis Tsipras.
In a rare editorial by Bild's editor-in-chief, Kai Diekmann had urged deputies to vote against the package.

"Today's vote will not save Greece, it will not save the euro and it will not save Europe," he wrote.

"On the contrary, it damages the European ideal because it divides, rather than unites. Worst still, the old ghosts of pre-EU Europe have resurfaced -– the worst outcome of the EU's Greek policy," referring to the divisive debates of recent months.

Sixty of the 311 members in Merkel's parliamentary group voted last month against authorising the start of negotiations with Greece on a new rescue package -- defiance that was considered a blow to the chancellor.

- 'Stabbing chancellor in back' -

The Christian Democrats' general secretary, Peter Tauber, warned this week that a vote against the bailout was "tantamount to stabbing the chancellor in the back" two years before the party fervently hopes to see her stand for a fourth term.
Schaeuble, a fiscal hawk who drove a hard bargain in countless rounds of bailout negotiations with Greece, insisted deputies could vote for the package with a clear conscience.

Addressing one key area of concern, the involvement of the International Monetary Fund (IMF) in the third bailout, Schaeuble told MPs there was "not the slightest doubt" it would agree by October to participate, calling it "indispensable".

Conservatives see the IMF as a guarantor of stability and rigour.

But while the IMF has insisted on significant debt relief for Greece, Germany has ruled out a writedown and argued instead for longer maturities or lower interest rates on the principle.

Meanwhile in the Netherlands, lawmakers in the 150-seat Lower House were also recalled from summer recess over the bailout.

The liberal Dutch premier has come under fire for breaking a 2012 election promise in which he said no more money would go to Athens after two previous bailouts.

Far-right eurosceptic parliamentarian Geert Wilders, who has bitterly opposed financial aid to Greece, was to seek a vote of no-confidence against Rutte's cabinet.

However Austrian MPs late Tuesday approved the latest Greek bailout with all members of Chancellor Werner Faymann's centrist "grand coalition" voting in favour.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german parliament backs greek bailout with large majority german parliament backs greek bailout with large majority

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german parliament backs greek bailout with large majority german parliament backs greek bailout with large majority

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday