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German Parliament Approves Greek Bailout Negotiations
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The German parliament votes 439 to 119 on July 16, 2015, approving a 86 billion euro aid and loan package to Greece under an aid for reforms plan. 60 members of chancellor Merkel's CDU group voted against compared to 29 voting against the bailout extension of Feb. 2015. This included approval of 7.16 billion euros in short term funding for July 20, to meet a 4.2 billion euro payment to the ECB. This was conducted as a special session of parliament. Chancellor Merkel said: "we would be acting with crude intelligence and irresponsibility if we didn't at least try this path." Finance Minister Schauble told parliament- "We believe that there is a chance that we can bring these negotiations to a successful conclusion," yet he cautioned that after the negotiations of coming weeks "we will have to discuss whether the negotiations have shown a way that works."
The German parliament's vote in July 2012 on the $125 billion loan committment to Spain's banks
03/11/2011
The need for opposition support to pass the legislation required to provide loans to Spain's savings banks. A committment of $125 billion in loans to Spain's banks was made by the EU. The efforts of the Merkel government to win popular support from a skeptical German public includes videos on YouTube in July 2012. The opposition SPD says it will look at the loan arrangements carefully to make sure this leads to a healthy Spanish banking system with the required changes being made at the banks.
Grouped Articles
Spain's Bankia Returns to Profit
Wall Street Journal 02/04/2014
German Parliament Approves Greek Bailout Negotiations
Wall Street Journal 07/17/2015
Germany Makes Last Pitch Before Vote
Wall Street Journal 07/18/2012
German Parliament Backs Spanish Bank Plan
New York Times 07/19/2012
Spanish Bank's Ex-Leader Defends His Record There
New York Times 07/26/2012
France Raises Taxes in Tough Budget
Wall Street Journal 09/28/2012
The Greek and German parliament's vote on the Third Bailout loan to Greece in July 2015
07/13/2015
Grouped Articles
German Parliament Approves Greek Bailout Negotiations
Wall Street Journal 07/17/2015
Greek Debt Crisis: In Athens, Jubilation Gives Way to Dismay and Confusion
Wall Street Journal 07/13/2015
Why Greece Should Leave the Eurozone
New York Times 07/24/2015
Eurozone Finance Ministers Approve New Bailout For Greece
Wall Street Journal 08/15/2015
Alexis Tsipras, Greek Prime Minister, Calls for New Elections
New York Times 08/20/2015
The crazy reason we might be facing a huge crisis in Greece again - The Washington Post
Washington Post 04/20/2016
The European Union's Third Bailout 3 year package for Greece on July 12, 2015
07/07/2015
Grouped Articles
Eurozone Sets Sunday Deadline for Greece Financing Deal
Wall Street Journal 07/07/2015
Greece, Its Back to the Wall, Adopts Austerity Steps
New York Times 07/15/2015
German Parliament Approves Greek Bailout Negotiations
Wall Street Journal 07/17/2015
Economist 07/19/2015
Eurozone Finance Ministers Approve New Bailout For Greece
Wall Street Journal 08/15/2015
The Greek Debt Deal’s Missing Piece
New York Times 08/15/2015
Challenges Chancellor Merkel faces in Germany on immigration and Greece's position in the eurozone in 2015
12/31/2014
In the tenth year of the Merkel administration questions are raised about whether her position on immigration is out of touch with ordinary Germans. Her New Years Eve message included a reference to the Dresden marches on immigration saying that these people had "prejudice, coldness, and even hatred in their hearts." Immigration and paying the cost of integrating immigrants was one of the issues in 2014 Swedish elections, and is an issue today in the UK and France. The terrorist attack in France by radical Muslims has created new tensions in 2015.
Grouped Articles
Euro and Immigration Promise Challenges for Merkel in 2015
New York Times 12/31/2014
Big Anti-Immigration Rally in Germany Prompts Counterdemonstrations
New York Times 01/12/2015
Wall Street Journal 01/21/2015
Russia Links Loom Larger as Greece Seeks Debt Relief
Wall Street Journal 01/29/2015
German Anti-Immigrant Leaders Resign
New York Times 01/28/2015
Greek Financing Talks Break Down Amid Deep Divisions Over Bailout
Wall Street Journal 02/17/2015
The cost of the Greece bailouts of 2010 and 2012 by July 2015, with a third bailout planned
07/10/2015
Under the first bailout of Greece of May 2010 the eurozone funding was 53 billion euros and the IMF's funding 20 billion euros, according to the European Commission. Under the second bailout of Greece in March 2012 the eurozone funding was 142 billion euros, and the IMF funding 12 billion euros. The eurozone withdrew $11 billion of the funding in the second bailout with failure of negotiations.
Grouped Articles
Greek Bailout Cost Hampers Prospects of Deal
Wall Street Journal 07/11/2015
Greece’s Parliament Approves Prime Minister’s Bailout Plan
New York Times 07/10/2015
Greece, Its Back to the Wall, Adopts Austerity Steps
New York Times 07/15/2015
German Parliament Approves Greek Bailout Negotiations
Wall Street Journal 07/17/2015
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