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German Parliament Backs Greek Bailout

The German Parliament has voted to back a third bailout for Greece.

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454 members of the Bundestag supported the 86 billion euro package – with 113 voting against the wishes of Chancellor Angela Merkel.

German Finance Minister Wolfgang Schauble warned MPs it would be 'irresponsible' to reject the bailout – even though he admitted there is 'no guarantee' the measures will work.

The bailout needs to be finalised by tomorrow to give Athens the money to make a 3-point-2 billion euro debt repayment to the ECB.

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