// IP Marketing video - START// IP Marketing video - END

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
Michael Carpenter “hailed the level of cooperation in defense sector between Azerbaijan and the United States,” Azeri media reported.
The Israeli military said its aircraft attacked targets in Syria hours after a mortar bomb from fighting in Syria struck the Golan Heights.
Transnistria does not share a border with Russia. It has been de facto independent since the 1990s but is not internationally recognised.
Eight-seat Beechcraft planes will carry passengers to the Black Sea city of Batumi and the highland regions of Kazbegi and Svaneti.
Partner news