German Parliament to vote on Greek bailout today

Today the German Parliament will vote on whether negotiations should begin to give Greece its €86 billion bailout.

Germany is one of the Euro Zone countries which needs to take a parliamentary vote before any type of agreement on a bailout is reached. Finland and France have already voted Yes.

The agreement is expected to be approved by the Bundestag despite the number of conservative MPs who are against giving further financial aid.

Meanwhile, Greek banks will be opened on Monday after the European Central Bank increased the banks’ liquidity to ‘€900 million. Greece said that it will gradually ease its restrictions on the amount of money which can be withdrawn.

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