Germany backs second Greek bailout
In a widely expected move, German lawmakers approved Monday a politically unpopular second bailout for Greece, CNN reported.
The vote on Germany's contribution to the €130 billion rescue package passed with a large majority, despite opposition from within German Chancellor Angela Merkel's Christian Democratic Union.
It passed with 496 votes in favor, 90 against and 5 abstentions in the lower house of Germany's Bundestag.
The vote means Greece is one step closer to its second bailout, which euro area finance ministers approved last week. European Union heads of state are expected to officially approve the package at a summit later this week.