Forex Blog

May 7, 2010

German Lawmakers Vote to Approve Greek Bail-Out

Despite being immensely unpopular with citizens and politicians alike, Germany’s Lower House of Parliament voted in favor of contributing an expected 22.4 billion euros ($28.6 billion) to the Greek rescue package. Chancellor Angela Merkel’s center-right governing coalition was joined by one of the three opposition parties in approving the aid. The Upper House of Parliament — representing Germany’s 16 states — later added its approval.

Source: Associated Press

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