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Greece bailout: German MPs back deal after Schaeuble appeal | Greece bailout: German MPs back deal after Schaeuble appeal |
(about 9 hours later) | |
German MPs have voted by a large majority to approve a third bailout deal for Greece. | German MPs have voted by a large majority to approve a third bailout deal for Greece. |
In total 453 members of parliament voted in favour, while 113 rejected the bailout and 18 abstained. | In total 453 members of parliament voted in favour, while 113 rejected the bailout and 18 abstained. |
German Finance Minister Wolfgang Schaeuble had earlier warned MPs that it would be "irresponsible" to oppose the €86bn ($95bn; £61bn) package. | |
A first tranche of about €25bn is now being made available to meet Greece's debts and help recapitalise its banks. | |
Greece is due to make a new debt payment to the European Central Bank on Thursday. | |
Rescue package | |
Chancellor Angela Merkel's centre-right conservative bloc has been divided over the deal. | Chancellor Angela Merkel's centre-right conservative bloc has been divided over the deal. |
Prior to the vote, nearly 60 of her own MPs had indicated they would vote against the rescue package. | |
In total 47 MPs did not attend the session. | In total 47 MPs did not attend the session. |
It is thought a significant proportion are conservatives, who stayed away to avoid defying Mrs Merkel and voting no to the deal, reports the BBC's Jenny Hill in Berlin. | It is thought a significant proportion are conservatives, who stayed away to avoid defying Mrs Merkel and voting no to the deal, reports the BBC's Jenny Hill in Berlin. |
Mrs Merkel's Christian Democrat (CDU) party and its Bavarian CSU allies hold 311 seats in the 631-seat Bundestag. Mrs Merkel's coalition partner, the Social Democrats, supported the deal, as did the opposition Greens. | Mrs Merkel's Christian Democrat (CDU) party and its Bavarian CSU allies hold 311 seats in the 631-seat Bundestag. Mrs Merkel's coalition partner, the Social Democrats, supported the deal, as did the opposition Greens. |
Last month, 65 CDU/CSU politicians refused to support even starting negotiations for a third bailout. | Last month, 65 CDU/CSU politicians refused to support even starting negotiations for a third bailout. |
Doubts | Doubts |
Despite being one the harshest critics of Greece's left-wing Syriza government, Mr Schaeuble told MPs before the vote that they should give Greece the opportunity of a new start even though there was no guarantee that it would work. | |
MPs have been worried about the extent of any debt write-off for Greece and whether the International Monetary Fund will back the bailout. | |
The IMF is avoiding any commitment until Greece's progress is assessed in October. | The IMF is avoiding any commitment until Greece's progress is assessed in October. |
Some German MPs suspect that the deal could lead to part of Greece's large debt being written off - with EU taxpayers having to foot the bill. | Some German MPs suspect that the deal could lead to part of Greece's large debt being written off - with EU taxpayers having to foot the bill. |
Reneged on pledge | Reneged on pledge |
German MPs had to be recalled from their summer break for the emergency vote on the deal, which has already been approved by Greece's parliament and eurozone finance ministers. | German MPs had to be recalled from their summer break for the emergency vote on the deal, which has already been approved by Greece's parliament and eurozone finance ministers. |
On Tuesday, MPs in Austria, Estonia and Spain backed the bailout. The Dutch parliament also bitterly debated the bailout on Wednesday. | |
Doubts remain about the Greek government's commitment to the bailout conditions because it previously pledged to oppose austerity. | Doubts remain about the Greek government's commitment to the bailout conditions because it previously pledged to oppose austerity. |
In exchange for the bailout - and keeping Greece in the euro - Prime Minister Alexis Tsipras agreed to further painful state sector cuts, including far-reaching pension reforms. | In exchange for the bailout - and keeping Greece in the euro - Prime Minister Alexis Tsipras agreed to further painful state sector cuts, including far-reaching pension reforms. |
The new loans will be spread over the next three years. |