Merkel Allies Warily Back Greek Deal Before Lawmaker Vote
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Chancellor Angela Merkel’s allies began selling the Greek bailout deal to German lawmakers, who set their approval vote for Wednesday with Greece facing a debt payment deadline the next day.
After euro-area finance ministers backed the 86 billion-euro ($96 billion) package, Merkel tweaked her schedule in a bid to lobby lawmakers and limit a revolt against aid to Greece before the vote in the Bundestag, or lower house. Two senior lawmakers in her Christian Democratic Union endorsed the deal Saturday, saying it reflects Germany’s need to reach a compromise with its 18 euro-area partners.