Merkel Lawmakers Tie Conditions to Greek Aid, Reject Bigger ESM

Lawmakers from Chancellor Angela Merkel’s coalition want to tie German support for Greece’s second bailout to conditions, including the completion of a debt swap by private investors, when they vote on the plan in parliament on Feb. 27.

Members of the governing parties are drafting a measure intended to press Greece to fulfill commitments under the 130 billion-euro ($175 billion) aid package agreed by euro-area finance ministers on Feb. 20, Free Democratic lawmaker Otto Fricke said today. Lawmakers are also demanding clarity on the International Monetary Fund’s share of the bailout, he said.