German parliament must decide if Greek deal a fundamental change: Schaeuble

German Finance Minister Schaeuble arrives for the weekly cabinet meeting at the Chancellery in Berlin

BERLIN (Reuters) – The German parliament’s budget committee must decide if the bailout plan for Greece agreed by euro zone finance ministers and the IMF on Thursday evening amounts to a significant change to the existing program, Germany’s finance minister said.

In an interview with ARD television on Thursday, Finance Minister Wolfgang Schaeuble said the IMF had agreed to launch a loan program for Greece – a condition set by the German parliament to support a further bailout – but that the international lender would pay out only later.

“Our understanding is that this is not a fundamental change to the program,” Schaeuble said. “In the end it is for the budget committee to decide.”

(Reporting by Thomas Escritt; Editing by Alison Williams)