The German federal parliament will give the much-anticipated consent for the release of the last tranche of 15 billion euros to Greece following approval by its budget committee on Wednesday.
The Bundestag’s budget committee approved the changes in the government's recommendation on the disbursement of the loan tranche during an emergency meeting on Wednesday.
Following the committee’s approval, Germany can now give the European Stability Mechanism (ESM) its consent for the disbursement of the last tranche of 15 billion euros under the concluding Greek bailout programme.