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German Parliament Backs Greek Bailout by Wide Margin

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German Lawmakers Vote YES to Greek Bailout

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German lawmakers cleared the way for Greece’s third bailout, voting for the financial lifeline of as much as 86 billion euros ($95 billion) by a wide margin.

Dissent grew in Chancellor Angela Merkel’s caucus, where 63 lawmakers opposed the aid package Wednesday, three more than in the last vote on Greece in July. Even so, the lower house backed the program after a three-hour debate with 453 in favor, 113 against and 18 abstentions. The euro rose 0.1 percent to $1.1033 at 3:01 p.m. in Berlin.