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Watch Live: German Parliament votes on Greece's bailout program

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Newsroom July 17 11:20

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German lawmakers are expected to give Berlin a clear green light on Friday to start negotiations on a third bailout programme for Greece, despite Finance Minister Wolfgang Schaeuble questioning whether it will succeed.

Addressing German lawmakers, Angela Merkel criticised Prime Minister Alexis Tsipras’ Radical Left Coalition (SYRIZA) government for sending the Grek economy into reverse but she said she was encouraged by Wednesday’s vote. She rejected debt relief but she also said that German Finance Minister Wolfgang Schaeuble’s “temporary time out” from the Eurozone was not a good idea. She pointed to three possibilities (1) bend the rules so far that they would lose their meaning (2) give up on Greece (3) to try once again.

Gregor Gysi, head of the left-wing Linke party reminded Germany that it has done well, making its exports more competitive. “Germany needs the euro more than Greece,” he said. He told Merkel that Schaeuble has been the chancellor recently, pushing “scandalous” ideas. Amid heckles, he quoted articles in The Telegraph that pointed to Germany acheiving dominance in Europe “without a single shot being fired”.

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Deputy Chancellor Sigmar Gabriel pointed to the Greeks as being friends of Germany. “We cannot allow hungry children, begging pensioners, soup kitchens.”

Finance Minister Wolfgang Schaeuble asked the Budestag to vote in favor of a third deal for Greece after stating that a haircut is not a possibility under EZ rules. In an effort to restore his tarnished reputation he said that “nobody is as convinced that Greece needs help” as he is.

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