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Germany Approves $95B Greek Bailout as Greece Privatizes 14 Airports

HeadlineAug 20, 2015

The German Parliament has voted to approve a $95 billion bailout package for Greece. The agreement has already been approved by the Greek Parliament, although nearly a third of lawmakers from the left-leaning Syriza party voted against the bill. The bailout requires the Greek government to impose harsh austerity measures and to privatize some of the country’s assets. Earlier this week, in one such privatization deal, the government agreed to sell the rights to operate 14 regional airports to a German company.

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