| Author (Person) | Ruparel, Raoul |
|---|---|
| Publisher | Open Europe |
| Series Title | Blog |
| Series Details | 18.08.15 |
| Publication Date | 18/08/2015 |
| Content Type | News |
|
Following Eurozone finance ministers approval of the third Greek bailout on the 14 August 2015 it was now down to final national approval. In some countries this meant tricky parliamentary votes, including in Spain and Estonia on the 18 August 2015 and Germany and the Netherlands on the 19 August 2015. Open Europe’s Raoul Ruparel investigates how the votes might go and what the fallout could be. The German Bundestag voted in favor of the bailout for Greece on the 19 August 2015.. The measure passed despite opposition from within Chancellor Merkel’s Christian Democratic Union. The final vote result was 454 for, 113 against and 18 abstentions. 63 lawmakers from Mrs Merkel's party voted against the bailout and three abstained. Following a positive vote in all Eurozone Member States, Eurozone Finance Ministers mandated on the 19 August 2015 the European Stability Mechanism (ESM) to make up to the maximum of €86bn available to finance Greece. €13bn would be sent to Greece immediately, partly to allow Greece to repay €3.4bn to the European Central Bank due on the 20 August 2015. |
|
| Source Link | Link to Main Source http://openeurope.org.uk/blog/third-greek-bailout-likely-to-overcome-national-hurdles/ |
| Related Links |
|
| Countries / Regions | Europe, Germany, Greece, Netherlands, United Kingdom |
