Business World

Sunday 17 December 2017

Austrian politicians agree to back expansion of €440bn bailout fund

Independent.ie reporters

Austrian policymakers have given the green light for the €440bn bailout fund to be increased as Greece negotiates with EU/IMF/ECB representatives on a new €8bn tranche of money.

Following the vote, Austria guarantees to provide €21.6bn, up from €12.2 bn previously.



Only two right parties opposed the bill with the governing centre-left coalition supported by the Greens.



Only two right-wing parties opposed the bill.



The Austrian vote comes just a day after the German court endorsed the plan.



It needs the backing of all 17 eurozone countries.

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business