German lawmakers have their say on Greece’s next bailout on Friday after European Central Bank President Mario Draghi said he views the country’s place in the euro as secure.
As Europe seeks to line up a three-year aid package worth as much as 86 billion euros ($94 billion), the lower-house vote is a renewed test of Chancellor Angela Merkel’s struggle to persuade Germans that Greece is still worth helping.
While her majority in parliament suggests that passage is assured, Merkel faces growing dissent in her party bloc as she seeks approval to start bailout talks and for a bridge loan to Greece. With the European project under threat, the continent’s most powerful leader is putting her prestige on the line to hold the currency union together.
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