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German Parliament Passes Latest Greek Bailout Package in 496-90 Vote

February 27, 2012 11:57 AM EST
Germany's Bundestag, the nation's lower parliamentary authority, voted in favor the Greece's second bailout package Monday morning. The final vote totaled 496 in favor of the measure, 90 against, 5 neutral.

Further details into the next step will be discussed at an EU summit meeting in Brussels, Belgium on March 1st and 2nd.

Stocks have been creeping higher throughout Monday's session: the Dow is now up 16 points, the Nasdaq is up 3 points, and the S&P 500 is up slightly more than 1 point.


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