Germany’s SPD Opposition Rejects Aid Package for Greece

Germans remain firmly against providing aid to Greece. According to MNI, Germany’s left-wing opposition party has announced that it will not vote for the government’s bill on financial assistance for Greece.

MNI: “Germany’s largest opposition party, the center-left SPD, said Thursday that it will not vote for the government’s bill on financial aid for Greece tomorrow after all.

SPD parliamentary leader Frank-Walter Steinmeier said the government had declined his party’s request to pass a resolution in parliament on introducing a financial transaction tax.

Thus, the SPD will advise its parliamentarians to abstain from voting for the government’s Greece aid bill, Steinmeier explained. Only this morning the SPD had still signaled that it might support the bill.”

On Sunday, finance ministers from euro zone countries together with the IMF agreed to a $146 billion aid package for Greece to prevent bankruptcy, to be paid out over the next 36 months. Germany’s share is $28.4 billion, $10.6 billion of which is due this fiscal year.

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