07:58 GMT04 December 2020
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Head of the German Taxpayers Federation Reiner Holznagel has addressed the Bundestag with a plea to reject a third bailout package for Greece.

    BERLIN (Sputnik) — A vote in the German parliament is expected Friday following debates.

    Germany had already given Athens some 80 billion euro ($87 billion) as part of two bailout packages.

    “We need to find a different way to help Greece. That’s why in the upcoming debates in Bundestag you should vote against the beginning of negotiations on […] billions from the European Stability Mechanism (ESM),” Holtznagel stated in a letter to the parliament.

    On Monday, the Eurozone leaders reached an agreement to support Greece with an additional 86 billion euros from the ESM. The agreement, necessitating harsh austerity measures, was backed by the Greek parliament on Thursday.

    On Wednesday, Greeks gathered in the capital Athens, protesting the austerity measures of the third bailout deal, including tax increases and pension cuts.

    For the ESM package for Greece to be implemented, all European Union member states must vote in favor of the deal.

    Greece's Gordian Knot: Syriza Tackles Austerity (404)


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    bailout, European Stability Mechanism (ESM), Bundestag, Reiner Holznagel, Germany, Greece
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