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German Parliament Votes In Favor Of Greece Bailout Package

German parliament on Monday gave overwhelming support to Greece's second bailout package.

496 MPs of the lower of house of the German parliament, the Bundestag, voted in favor of a EUR130 billion rescue package approved by its international creditors, while 90 lawmakers voted against the second EU/IMF bailout for Greece.

With several MPs in her party opposed to the deal, Chancellor Angela Merkel urged them to back it, while conceding there was "no 100% guarantee" it would work.

Addressing the parliament, Merkel warned of the risks of throwing Athens another financial lifeline.

Eurogroup President Jean-Claude Juncker has convened a meeting of the Eurozone finance ministers on Thursday to discuss progress with Greece's second bailout package.

by RTT Staff Writer

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