German Bundestag approves third bailout for Greece by wide margin

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The German parliament has approved a third bailout deal for Greece by a large margin.

454 voted for and 113 against with 18 abstentions.

Chancellor Angela Merkel faced a rebellion within her own party ranks over the 86 billion-euro agreement.

Ahead of the vote German Finance Minister Wolfgang Schäuble urged MPs to back the deal, saying that while there were no guarantees of success, it would be irresponsible not to give Greeks a chance for a new start.

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