German vote of the Greek bailout will be key – BBH

FXStreet (Edinburgh) – The research team at BBH gave its view on the Bundestag vote on the Greek third bailout due on Wednesday.

Key Quotes

“The Eurogroup gave their blessing to the third aid package for Greece; the next step is for several parliaments to approve, and the key one is Germany”.

“Reports indicate that that vote will be held at the last possible moment, 24 hours before Greece’s payment of 3.2 bln euros is owed to the ECB”.

“Much of Merkel’s European policy has relied on support from the Social Democrats, whether they have been part of the government or not.This vote will be consistent with that pattern”.

“Recall that 60 members of her caucus did not approve of initiating talks for this aid package”.

The research team at BBH gave its view on the Bundestag vote on the Greek third bailout due on Wednesday…

(Market News Provided by FXstreet)