- German lawmakers are expected to vote overwhelmingly in favor of Greece's third bailout later today, ending months of heated negotiations between international creditors and the cash-strapped country.
- German Finance Minister Wolfgang Schaeuble on the matter: "There is no guarantee that this all will work...but due to the fact that the Greek parliament has already approved a big part of the (aid-for-reform) measures, it would be irresponsible not to use the chance for a new beginning."
- Greece is hoping the approval, along with the support from other eurozone parliaments, will translate into fresh funds ahead of a €3.4B ECB payment due on Thursday.
-
Update: The German Parliament has backed the rescue package.
- ETFs: GREK