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Germany OKs New Greek Bailout Talks

The German parliament voted overwhelmingly Friday to open negotiations with Greece on a third bailout package. Lower house lawmakers supported the government proposal 439 to 119 votes and 40 abstentions to launch talks on details of the rescue plan. Germany, as the largest contributor to Greece's bailout, has been insisting on drastic spending cuts and tax hikes in return. While opposed to an outright cut in the Greek debt, Germany wants to open the door to easing Athens' loan...

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