Berlin, Germany
The rescue of Greece took two strides on Friday when the German parliament approved the plan by a large majority and the European Union confirmed that it would send enough money to Greece to avert an imminent default.
Both events capped a week in which the rescue plan, agreed by the 19 leaders Eurozone Monday overcame a series of obstacles.
They grew on expectations that Greece will get a bailout to three years that will allow you to regain some economic normalcy, after several weeks of banks closed and withdrawals limited to 67 euros per day.
The first fundamental fact on Friday was that the German Parliament, after three hours of debate, approved 439-119 begin detailed discussions on the package after Chancellor Angela Merkel warned Greece that without it would fall into chaos.
Later it was confirmed that the European Union developed a mechanism to send 7,160 million euros (7,700 million ) to Athens to face a maturity of 4,200 million euros with the European Central Bank.
“We’re seeing European solidarity in action,” said the Vice-President of the European Commission for the euro Valdis Dombrovskis.
Weeks ago in a referendum rejected the Greeks, with over 61% of the vote, the proposals made by the country’s creditors (ECB Monetary Fund International and European Union).
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