German legislators approve disbursement of loan installment to Greece

The Bundestag Budget Committee on Wednesday approved the disbursment of the next installment of loans to Greece, as agreed at the Eurogroup meeting on June 15, during a closed session attended by German Finance Minister Wolfgang Schaeuble, Deutsche Welle reported.

No vote was held as none of the parties had previously expressed any objections to the disbursement, with the committee simply noting the finance ministry’s introduction, which said that the disbursement met the terms of the loan programme.

According to DW, however, Schaeuble came in for criticism from opposition MPs, who accused him of avoiding a public discussion on the role of the International Monetary Fund (IMF) in the Greek programme. According to the parties, he would then have to tell the German people the truth and admit that the IMF had declined to participate in the Greek programme financially because it considers Greece’s debt unsustainable.