JackTimes

May 8, 2010

Green light for Greece

Filed under: Finance — AnnabelleLion @ 3:40 pm

The German parliament approved yesterday the contribution of 22.4 billion euros to the Euro area financial package of 110 billion destined to help Greece, 8.1 billion euros are to be provided by the German banking sector.

According to Reuters, the decision was adopted with 390 votes in favor, 72 against and 139 abstentions. Upper house of the legislature in Berlin, Bundesratul was to rule yesterday on the same input, which has sparked heated debate in Germany.

A recent survey shows that 58 percent of the Germans do not agree with the substantial aid their country offered Greece.

This opinion might influence the vote in the regional elections scheduled for tomorrow in Germany’s most populated Land, North Rhine-Westphalia, considered by analysts a genuine national political barometer.

“Greece is the number one subject of these elections,” warned Jürgen Rüttgers, Premier of the this Land.

France, as well, agreed to contribute with 16.8 billion to the financial assistance package prepared for the Greek State.

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