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You can find the current article at its original source at http://www.theguardian.com/business/live/2015/jul/17/greek-debt-crisis-germany-bailout-package-lagarde-debt-relief-live
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| Greek debt crisis: Germany votes on bailout package - live updates | Greek debt crisis: Germany votes on bailout package - live updates |
| (35 minutes later) | |
| 8.40am BST08:40 | |
| Germany isn’t the only eurozone country asking its MPs to vote on the Greek bailout plan. | |
| Austria is also due to debate it today, and likely to approve the deal. | |
| Both Latvia and Estonia are expected to take it to parliament to. Other country’s have already given their assent; France even voted before Greece! | |
| Here’s a full explanation: | |
| Related: Which countries still need to approve a Greek bailout – and how will they vote? | |
| Updated at 8.40am BST | |
| 8.32am BST08:32 | |
| Row brewing over Schäuble's Grexit plan | |
| Kate Connolly | |
| The ‘temporary Grexit’ proposal presented by Wolfgang Schäuble at last weekend’s Brussels summit is likely to dominate this morning’s debate. | |
| Kate Connolly reports: | |
| There are ever louder rumblings here this morning of a growing split in the coalition government focused on a fallout between SPD chief Sigmar Gabriel and finance minister Wolfgang Schäuble of the CDU as to who knew what and when about Schäuble’s Grexit paper. | |
| The issue is likely to dominate today’s debate in the Bundestag. | |
| Gabriel says the Grexit plan was presented at Brussels by Schauble as if he had approved of it, when he says he hadn’t. | |
| Schäuble insists Gabriel had agreed on it beforehand. The word ‘liar’ is being bandied about....... | |
| The debate begins in 30 minutes.... | |
| Bundestag debate on #Greece to start soon. Forget caricatures & watch how interesting+diversified German politics is: http://t.co/uw8xUpJ8g4 | |
| 8.13am BST08:13 | |
| Visitors to Greece are already feeling the impact of the austerity measures which creditors demanded, in return for opening talks on a third bailout: | |
| Looks like action is underway. This letter has just been slipped under hotel room door in #Greece @BBCBusiness pic.twitter.com/1drAU6wQ8h | |
| 8.11am BST08:11 | |
| Kate Connolly | |
| Around 50 German MPs from Angela Merkel’s conservative alliance are expected to revolt against the government and vote no to a third Greek bailout in the Bundestag today. | |
| My colleague Kate Connolly in Berlin reports: | |
| In what is expected to be a heated and emotional debate, the 6th time in five years that the German parliament has taken a decision directly relating to the Greek crisis, the rebels say they will vote ‘nein’ out of anger at the German chancellor’s decision to offer Greece another bailout, having signalled at one point that she was willing to push for Greece to leave the Eurozone. | |
| Other MPs are furious over the way Germany is seen to have acted towards Greece during the negotiations: | |
| In a taster of what might come on Friday, Reinhard Bütikofer, a Green MEP, accused Schäuble of giving Germany a “heartless, imperious, and hideous” face. | |
| 8.02am BST08:02 | 8.02am BST08:02 |
| Today’s vote isn’t in doubt because of the size of Germany’s grand coalition between Merkel’s CDU/CSU and the SPD. | Today’s vote isn’t in doubt because of the size of Germany’s grand coalition between Merkel’s CDU/CSU and the SPD. |
| Germany to give verdict on Greece. Vote in Bundestag will pass as CDU/SPD coal w/ big majority http://t.co/g1ZuWVIJvj pic.twitter.com/hcyFhTvIIA | Germany to give verdict on Greece. Vote in Bundestag will pass as CDU/SPD coal w/ big majority http://t.co/g1ZuWVIJvj pic.twitter.com/hcyFhTvIIA |
| 8.00am BST08:00 | 8.00am BST08:00 |
| One of Angela Merkel’s close allies has already pledged to vote in favour of negotiating a third Greek bailout: | One of Angela Merkel’s close allies has already pledged to vote in favour of negotiating a third Greek bailout: |
| Gunther Krichbaum (CDU mucky muck) tells ARD he will vote YES in the Bundestag, for anyone whipping the #Greece vote on trading floors. | Gunther Krichbaum (CDU mucky muck) tells ARD he will vote YES in the Bundestag, for anyone whipping the #Greece vote on trading floors. |
| 7.59am BST07:59 | 7.59am BST07:59 |
| Lagarde: Greece needs debt relief | Lagarde: Greece needs debt relief |
| Greece’s bailout package simply isn’t viable unless the country is given significant debt relief to make its borrowings sustainable. | Greece’s bailout package simply isn’t viable unless the country is given significant debt relief to make its borrowings sustainable. |
| That’s the message from International Monetary Fund chief Christine Lagarde this morning. She told France’s Europe 1 radio station that only a “complete package” would lure the Fund back to help: | That’s the message from International Monetary Fund chief Christine Lagarde this morning. She told France’s Europe 1 radio station that only a “complete package” would lure the Fund back to help: |
| “This complete package has two legs, a Greek leg that entails an in-depth reform of the Greek economy. | “This complete package has two legs, a Greek leg that entails an in-depth reform of the Greek economy. |
| “That means holding a budgetary position that is sound and gives the country solidity; and the second leg is that of the lenders, which entails supplying financing and restructuring the debt to ease its burden.” | “That means holding a budgetary position that is sound and gives the country solidity; and the second leg is that of the lenders, which entails supplying financing and restructuring the debt to ease its burden.” |
| ECB chief Mario Draghi made the same point yesterday, and indeed the Greek aid deal does include a pledge to consider debt relief. But whether eurozone governments can face giving Greece a 30-year grace period isn’t yet clear. | ECB chief Mario Draghi made the same point yesterday, and indeed the Greek aid deal does include a pledge to consider debt relief. But whether eurozone governments can face giving Greece a 30-year grace period isn’t yet clear. |
| Lagarde IMF says eurozone creditors Greece bailout is not 'viable' without debt relief. Draghi ECB agrees. Why this EU charade? #Grexit | Lagarde IMF says eurozone creditors Greece bailout is not 'viable' without debt relief. Draghi ECB agrees. Why this EU charade? #Grexit |
| Updated at 8.06am BST | Updated at 8.06am BST |
| 7.50am BST07:50 | 7.50am BST07:50 |
| Introduction: Merkel celebrates birthday with Greek vote | Introduction: Merkel celebrates birthday with Greek vote |
| Good morning. | Good morning. |
| Greece’s bitterly fought and generally flawed bailout plan faces another hurdle this morning -- approval from Germany. | Greece’s bitterly fought and generally flawed bailout plan faces another hurdle this morning -- approval from Germany. |
| MPs will head to the Bundestag this morning for a debate on whether to open talks on a third aid package. | MPs will head to the Bundestag this morning for a debate on whether to open talks on a third aid package. |
| Spoiler alert: they will give their assent, despite misgivings in Germany about the package. But there will be a rebellion among Merkel’s CDU party, with some MPs firmly believing Greece should quit the currency union, and doubting its ability or commitment to reform. | Spoiler alert: they will give their assent, despite misgivings in Germany about the package. But there will be a rebellion among Merkel’s CDU party, with some MPs firmly believing Greece should quit the currency union, and doubting its ability or commitment to reform. |
| The debate starts at 10am in Berlin (so 9am BST or 11am in Greece). | The debate starts at 10am in Berlin (so 9am BST or 11am in Greece). |
| Die Sondersitzung im #Bundestag zu den #GriechenlandHilfen wird um 10 Uhr live auf http://t.co/Owk1pEJsVJ übertragen. pic.twitter.com/NjpVZQfnUU | Die Sondersitzung im #Bundestag zu den #GriechenlandHilfen wird um 10 Uhr live auf http://t.co/Owk1pEJsVJ übertragen. pic.twitter.com/NjpVZQfnUU |
| Incidentally, it’s Angela Merkel’s 61st birthday today. I somewhat doubt whether Alexis Tsipras sent a card, after his hoofing in Brussels last weekend. Perhaps he’d like to give her the bumps instead. | Incidentally, it’s Angela Merkel’s 61st birthday today. I somewhat doubt whether Alexis Tsipras sent a card, after his hoofing in Brussels last weekend. Perhaps he’d like to give her the bumps instead. |
| Let’s just hope no-one sings Happy Birthday to her, after last year’s little incident: | Let’s just hope no-one sings Happy Birthday to her, after last year’s little incident: |
| We’ll be tracking all the main developments as usual (in the Greek crisis, not Angela’s birthday) | We’ll be tracking all the main developments as usual (in the Greek crisis, not Angela’s birthday) |