1. Greece debt crisis: German parliament set to take vote on bailout deal

Greece debt crisis: German parliament set to take vote on bailout deal

The German parliament is set to take a vote on whether to allow negotiations on Greece's 86 billion euro bailout deal.

By: | London | Published: July 18, 2015 7:00 AM

The German parliament is set to take a vote on whether to allow negotiations on Greece’s 86 billion euro bailout deal.

Germany is one of the several eurozone states that must provide a nod before negotiations could be underway for a rescue deal, reported the BBC.

The accord is expected to be approved, despite a number of conservative MPs refusing to back any more financial aid to Greece.

Meanwhile, Greek banks, which shut down three weeks ago, are set to reopen on Monday.

The announcement became possible only after the European Central Bank (ECB) raised the level of emergency funding available. However, credit controls limiting ATM withdrawals to 60 euro a day will only be relaxed gradually, officials said.

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