German parliament seen backing Greek bailout despite rebellion

Tue Aug 18, 2015 5:17pm EDT
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By Paul Carrel

BERLIN (Reuters) - German lawmakers are expected to vote overwhelmingly in favor of Greece's third bailout on Wednesday, even though Chancellor Angela Merkel faces a dangerous rebellion in her own party ranks that suggests she cannot ask parliament to help Athens again.

A significant minority of Merkel's conservatives may vote against the 86 billion-euro ($94.84 billion) bailout, sending the government a warning that the latest package is its last chance to keep debt-ridden Greece in the 19-country euro zone.

In a test ballot of conservative lawmakers late on Tuesday - a non-binding vote - a clear majority voted in favor of the bailout. Sixty of the 311 conservative lawmakers voted `no' or abstained - fewer than a rebellion by as many as 120 MPs that had been feared.

The vote on Wednesday in parliament will follow a debate scheduled to start at 09:00 a.m. (0700 GMT).

Merkel, oddly enough, is not expected to address the lawmakers. She will leave her highly respected finance minister, Wolfgang Schaeuble, to speak for her government.

Last month, he argued that Athens should consider a "timeout" from the euro zone, before later telling parliament that talks on the third bailout were a "last attempt" to solve the crisis.

Schaeuble threw his weight behind the package before Wednesday's vote and said Athens was ready to reform. Senior figures in the ruling coalition agreed.

"One has to recognize that the Greek government has in recent weeks made a lot of concessions that it rejected for months," Gunther Krichbaum, conservative chairman of parliament's Europe committee, told Reuters.   Continued...

German Chancellor Angela Merkel attends a Christian Democratic Union (CDU) and Christian Social Union (CSU) party faction meeting in the Reichstag building before a parliamentary vote on a third bailout programme for Greece in Berlin, Germany August 18, 2015. REUTERS/Stefanie Loos