Friday, November 30, 2012 12:05 pm
News Summary: German lawmakers OK Greek debt deal
By The Associated Press
THE VOTE: Parliament voted 473-100 Friday to back the complex deal reached by European finance ministers Tuesday. There were 11 abstentions.
THE MONEY: The agreement paves the way for Greece to receive (EURO)44 billion ($57 billion) in rescue loans, without which the country would face bankruptcy and a possible exit from the euro. It stops short of forgiving outright debt owed to lead creditor Germany and other eurozone governments.