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
Sisi spoke by phone to French President Francois Hollande and Italian Prime Minister Matteo Renzi about the Libya situation.
U.S. Secretary of State John Kerry denied any rift with EU leaders, saying, "I keep hearing people trying to create one.
"As two neighbors, Iran and Russia have common viewpoints toward political, regional and global issues," Dehghan said.
At least 2,500 and possibly up to 5,000 suspects have traveled from Europe to conflicts in Syria and Iraq, Wainwright 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.