German parliament votes in favor of new Greek bailout

German Chancellor Angela Merkel at parliament
(Image credit: Sean Gallup / Getty Images)

German parliament voted 439-119 on Friday in favor of backing eurozone negotiations over the new Greek bailout program. The three-year plan, agreed upon Monday, is expected to be worth 85 billion euros ($93 billion), and will send Greece a financial lifeline in exchange for enacting harsh austerity measures.

This is Greece's third bailout in the past five years. Despite being largely skeptical of sending money to the embattled country Germany has consistently been the "largest single contributor to Greece's bailouts," The Associated Press reports.

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