Germany backs Greece bailout deal

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Published: Friday 27th February 2015 by The News Editor

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Germany’s parliament has given its overwhelming approval to the four-month extension of Greece’s financial bailout, despite unease over the new government in Athens.

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

Finance minister Wolfgang Schaeuble said ahead of the vote that “this is not about new billions for Greece, not about changing this programme” and stressed that the goal is to complete Greece’s existing bailout successfully.

Germany, a key creditor nation, has advocated unpopular spending cuts and insisted that aid must come with strings attached. Comments by Greek officials casting doubt on privatisation deals and raising the possibility of further debt relief have irked some in Germany.

Published: Friday 27th February 2015 by The News Editor

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