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German parliament must decide if Greek deal a fundamental change: Schaeuble
June 15, 2017 / 7:56 PM / 4 months ago

German parliament must decide if Greek deal a fundamental change: Schaeuble

BERLIN (Reuters) - The German parliament’s budget committee must decide if the bailout plan for Greece agreed by euro zone finance ministers and the IMF on Thursday evening amounts to a significant change to the existing program, Germany’s finance minister said.

German Finance Minister Wolfgang Schaeuble arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany June 7, 2017. REUTERS/Hannibal Hanschke

In an interview with ARD television on Thursday, Finance Minister Wolfgang Schaeuble said the IMF had agreed to launch a loan program for Greece - a condition set by the German parliament to support a further bailout - but that the international lender would pay out only later.

“Our understanding is that this is not a fundamental change to the program,” Schaeuble said. “In the end it is for the budget committee to decide.”

Reporting by Thomas Escritt; Editing by Alison Williams

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