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German Parliament Approves Revised Bill on Greece Aid

German lawmakers approved Greece’s latest rescue package as Finance Minister Wolfgang Schaeuble warned that a default in the country where the debt crisis began could trigger the collapse of the single currency.

The passage caps a year in which Chancellor Angela Merkel has had to tamp down criticism within her ranks over transfers to Greece and quell calls to expel the country from the euro. Legislators in Germany’s lower house of parliament, or Bundestag, voted 473 in favor; 100 voted no and 11 abstained.