Greek Bailout Nearer After Vote

European leaders welcome Greek Parliament’s approval of austerity measures

Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days.

Euro-area finance ministers will convene in Brussels on Feb. 15 for the second extraordinary meeting on Greece in a week, after they declined to ratify the 130 billion-euro ($172 billion) package in a special session on Feb. 9. Frustrated after two years of missed budget targets, finance chiefs demanded Greek officials put their verbal commitments into law.

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