Germany adopted the third bailout to Greece – Ambito.com

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    Wednesday August 19, 2015
    
         
    

A key to Athens

 Merkel after the vote in Parliament.
   

By 454 votes in favor to 113 against and 18 abstentions and despite some rejections within the ranks conservative coalition of Chancellor Angela Merkel, the German Parliament (Bundestag) gave the green light to the third bailout for Greece and opened the doors to its adoption in the financial institutions of the European Union (EU).

In the vote is repeated what happened on July 17, which gave its approval to the opening of negotiations for the package and where 60 members of Merkel’s conservative group, with a total of 331 seats – he rejected the proposal. The governing coalition between social democrats and liberals, controls 80% of the camera.

The Finance Minister Wolfgang Schauble, had opened the session by asking the support package which provides a maximum of 86,000 million euros for the next three years, arguing that only then can regrow the Greek economy.

The settings are “indispensable, especially within the Monetary Union” , he warned the minister, leader of the more hardliners against Athens in the Eurogroup.

If Greece meets the conditions agreed in the Memorandum of Understanding, the economy can return to the path of growth, will reduce debt progressively and create jobs, he argued.

This position raises many critics, including the International Monetary Fund (IMF), which did not join the agreement because he believes that without removing substantial Greek debt is priceless.

The decision to support a third bailout for Greece, recognized the holder of German Finance is not easy, especially “after the experience of recent months,” referring to differences with the Government of Greek Prime Minister Alexis Tsipras.

Although there are “good reasons” to distrust and vote against, Schauble said receive a “fundamental change” in Greece, the result of intense negotiations and developments in recent months, during which choked Greece’s finances to make Athens submit to your creditors or exit the euro.

“it is not easy but at stake is the construction and structure of the monetary union “, Sch ^TM uble, who influenced the refusal to believe in their own conservative ranks the rescue, told Germany must contribute 23,200 million euros

The Greens also supported the bailout, while The Left voted against or abstained

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