On Wednesday 28 June, the budgetary committee of the German Bundestag gave its blessing for a further tranche of aid worth €8.5 billion to be paid to Greece, in line with the political agreement reached by the Eurogroup in mid-June (see EUROPE 11810).
However, the Bundestag has made its agreement conditional on the financial participation of the IMF in the third Greek bailout plan, with an envelope of €86 billion from the European Stability Mechanism (ESM). For the time being, the IMF...