Greece’s Final Bailout Installment Approved by German Lawmakers

On Wednesday German lawmakers approved the last bailout installment for Greece totaling 15 billion euros.

The vote took place at a special sitting of the German Parliament that was in session during the parliamentary summer break.

Germany’s approval comes just weeks after the country blocked releasing the last tranche following the Greek government’s announcement to extend a sales tax discount on islands impacted by the migrant crisis.

The payout was approved in principle by the European Stability Mechanism (ESM), however, the consent from the German parliament which reached today was needed for Germany to give final approval.