German finance minister calls for Greece debt deal support

German finance minister calls for Greece debt deal support

PanARMENIAN.Net - Germany's finance minister is urging lawmakers to support a deal to trim Greece's debt load and keep the struggling country afloat financially, The Associated Press reports.

The deal reached by European finance ministers earlier this week paves the way for Greece to receive €44 billion ($57 billion) in critical rescue loans. It also includes measures including a debt buyback program and an interest rate cut on loans to reduce Greece's debts.

Germany's Parliament has to approve eurozone rescue measures. Bailing out Greece and others hasn't been popular in Germany and there has been growing unease in Chancellor Angela Merkel's coalition, but a solid majority is expected Friday, Nov 30. Two opposition parties are expected to vote in favor.

Finance Minister Wolfgang Schaeuble says blocking loan payouts would have "consequences not just for Greece but the whole of Europe."

 Top stories
In a statement, the court acknowledged that Hamas contests its inclusion on the list, maintained since it was created in 2001.
“We’ve never seen so many journalists held captive — for ransom or other reasons — by nonstate actors,” Robert Mahoney said.
The raids and arrests "are incompatible with the freedom of media, which is a core principle of democracy," a statement said.
“We are going beyond the banalities taught to us for 200 years. We are finally asking the right questions,” the president said.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.