What’s not to approve? The money will go straight back to paying debts to the the ECB, the European Support Mechanism and the IMF
The parliaments of Austria, Latvia and Spain approved the third Greek bailout package on Monday.
The Eurogroup had approved the program on Friday.
The 86 billion euros will be dispensed from international creditors to Greece over a three-year period.
50 Latvian MPs voted in favor of the bailout program while 37 turned it down and 6 abstained.
In Spain, approval for the bailout was resounding, with 297 MPs voting in favour and just 20 voting against, while 5 abstained.
Greece is set to receive 13 billion euros in the near future to pay outstanding debts and arrears. The country must pay the European Central Bank (ECB) 3.2 billion euros worth of bonds by August 20.
The German parliament is discussing the deal today and is expected to approve, albeit with some defections from Merkel’s governing coalition. Schaeuble will be recommending a yes vote.