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Third Greek Bailout likely to overcome national hurdles

Ruparel, Raoul, (2015), “Third Greek Bailout likely to overcome national hurdles”, Open Europe blog, 18 Αυγούστου

When it comes to issues around the bailouts we often hear the term “national procedures” but it’s not always entirely clear who or what this involves. It refers to the approval of member states of what is agreed at the Eurogroup with regards to the bailouts, however, different countries have different procedures. The large majority just need the government to sign off and so with the finance minister already having agreed to the deal at the Eurogroup, this is just a formality. However, at least five states need some level of parliamentary approval/involvement – Austria, Germany, Finland, Estonia and Portugal.

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