BERLIN, June 29 -- The federal parliament in Germany granted its approval to the final tranche of Eurozone bailout funds for Greece on Friday.
A large majority of 410 delegates supported a corresponding request by the Ministry of Finance, an outcome which was necessary for Berlin to commit to a landmark deal which was recently agreed between Athens and its international creditors. Two hundred and twenty-six parliamentarians voted against the motion while seven abstained.
"We have given a sign of European solidarity", Finance Minister Olaf Scholz (SPD) commented on the development, highlighting that Greece was already "on a good path" to economic recovery again and would hence be able to successfully complete its third bailout program in August.
Greece has been promised a final transfer of additional credit worth 15 billion euros (17.5 billion U.S. dollars) to bolster its household finances and has agreed to continue with its ongoing budgetary consolidation efforts and structural reforms in exchange. Additionally, Athens' debt repayment moratorium has been pushed back for a further ten years in order to give the Southern European country more breathing space when it returns to international capital markets.
Achim Post, deputy parliamentary faction leader for the German Social Democrats (SPD), argued that the steps taken by Eurozone members together to resolve the Greek sovereign debt crisis showed that Europe was still capable of speaking with one voice and acting decisively. "We have taken a big step forward", Post said.
By contrast, Peter Boehringer, budgetary spokesperson for the Alternative for Germany (AfD) criticized that the financial aid offered to Greece could not be economically justified. Boehringer described the bailout efforts as a "multi-billion-euro gift" which would merely delay Greek insolvency to the detriment of taxpayers.
Official figures published by the federal government show that Germany has so far netted a healthy profit on its emergency loans to Greece. Since 2010, Berlin achieved a return of 2.9 billion euros on funds transferred under the Eurozone bailout program.
四年级英语作文:My Study
小学三年级英语作文:关于我(About me)
小学三年级英语作文:美味的食物(Delicious food)
四年级英语作文:My English teacher
四年级英语作文:My New Teacher
小学三年级英语作文:不要浪费水 Don't Waste Water
小学三年级英语作文:感激(Gratefulness)
小学三年级英语作文:我的爷爷(My grandfather)
四年级英语作文:Baking a cake
四年级英语作文:My School
小学三年级英语作文:My Favorite Teacher
小学三年级英语作文:我的卧室(My bedroom)
PEP第三册(四年级上)英语期末模拟试卷
小学三年级英语作文:父亲节(My father's day)
小学三年级英语作文:What is family
小学三年级英语作文:我(Me)
小学三年级英语作文:家务 Housework
四年级英语作文:My Bedroom
小学三年级英语作文:我可爱的狗
四年级英语作文:My fathers Day
四年级英语作文:my happy weekend
小学三年级英语作文:家庭是什么?(What is family ?)
小学三年级英语作文:About Trees
四年级英语作文:My good friend
小学三年级英语作文集锦
小学三年级英语作文:My Summer Vacation
小学三年级英语作文20篇集锦
小学三年级英语作文:我的龟(My Turtle)
小学三年级英语作文:A Warm-hearted Man
小学三年级英语作文:我的生日(My birthday)
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