On Friday, Germany's lower house of parliament voted, 542 to 32, to approve a four-month extension of Greece's financial bailout. German Finance Minister Wolfgang Schäuble had reluctantly urged his colleagues to approve the extension, arguing that failing to do so would cause Germany and Europe "great damage." But "the discussions before and after the elections in Greece didn't make this decision any easier," he added, "and neither have the discussions of the past few days and hours, to put it mildly." Under the terms of the agreement, Greece has to reform its labor laws and judiciary to fight corruption and tax evasion.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.
-
Elon Musk used Starlink, which saved Ukraine, to thwart a Ukrainian attack on Russia's Crimea fleetSpeed Read
-
Fitch downgrades US credit rating, citing 'repeated debt-limit political standoffs'
Speed Read
-
Bed Bath & Beyond relaunches online following bankruptcy
Speed Read
-
San Francisco's iconic Anchor Brewing is closing after 127 years
Speed Read
-
Lawmakers say tax prep companies illegally shared taxpayer data with Meta and Google
Speed Read
-
Microsoft wins FTC battle to acquire Activision Blizzard
Speed Read
-
Tesla reports record quarter for sales
Speed Read
-
48 states sue telecom company over billions of robocalls
Speed Read
