German Lawmakers To Vote On Greek Bailout Deal

By Karen FriarMarketWatch Pulse

German lawmakers will debate and vote on whether to approve the plan for a third bailout for Greece in the Bundestag Friday. The parliamentary approval is the next hurdle the financial-aid deal must pass before formal talks can begin. The agreement, sealed Monday between Greece and its eurozone partners, must also get legislative approval from a handful of other member nations to proceed. Its prospects got a lift Thursday when the Eurogroup of eurozone finance ministers said they have agreed "in principle" to grant a third bailout to cash-strapped Greece, which faces exit from the euro if it enters into debt default. The Bundestag debate is scheduled to begin at 10 a.m. local time in Berlin, or 4 a.m. Eastern Time.

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