German parliament passed bailout deal to Greece
Updated: 2012-02-28 04:11
BERLIN - The German parliament on Monday passed the much-anticipated second bailout package for Greece with a worth of some 130-billion-euro (174.4 billion US dollars) to help the country avoid a default.
The German opposition Social Democrats (SPD) and Greens earlier reached a consensus with the ruling center-right coalition to vote in favor of the bailout.
The package got 496 "yes" votes out of the total 591 deputies at the lower house of the Bundestag with.
"The risks of turning away from Greece now are incalculable," German Chancellor Angela Merkel told the Bundestag before the vote, adding that "no-one can assess what consequences would arise for the German economy, on Italy, Spain, the eurozone as a whole and finally for the whole world" in case of a Greek bankruptcy.
However, the German share of financial rescue package for Greece remains undetermined.