German lawmakers approve final Greek bailout payment


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — German lawmakers have approved the payment of a final bailout loan instalment to Greece worth 15 billion euros ($17.6 billion).

The German parliament's budget committee raised no objections to the payment at a special sitting Wednesday convened during the parliamentary summer break. The pro-business Free Democrats and far-right Alternative for Germany sought to block it but their motions were voted down.

European authorities had earlier approved the payout in principle but final approval was delayed as Greece was asked to find additional 2018 budget savings after extending a sales tax discount on islands affected by the ongoing refugee crisis.

Greece's third successive international bailout ends in late August.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast