German Chancellor Gets ‘Yes’ From Bundestag
Now there are two reasons to celebrate. Angela Merkel spent her 61st birthday convincing her parliament to approve a third Greek bailout. Forty-eight conservative MPs threatened to defy her, but Merkel got decisive approval, 439-119, in the Bundestag’s lower house. Perhaps even more important, she got her finance minister, Wolfgang Schauble, to stand with her on the deal, despite his public arguments that Greece should make a temporary exit from the euro. Meanwhile, Greece, equipped with emergency funding, plans to reopen its banks on Monday.