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Merkel: 'The chances that lie in the new programme outweigh the risks' (Photo: consilium.europa.eu)

German parliament agrees second bail-out for Greece

The German parliament on Monday (27 February) approved a second bail-out for Greece, despite hearing from Chancellor Angela Merkel that there is 'no 100 percent guarantee' it will work.

In a keenly watched vote, 496 deputies were in favour of the €130bn aid package while 90 were against. The vote is a political boost for Merkel who has walked a political tightrope trying to sell the deal to a sceptical public, but it fell short of the symbolically important 'Chancellor majority' - reach...

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Merkel: 'The chances that lie in the new programme outweigh the risks' (Photo: consilium.europa.eu)

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