Option Millionaires

[Nolerman]

The German parliament is unlikely to approve extending Greece's bailout before it expires at the end of the month, a senior lawmaker of Germany's ruling coalition said Sunday, according to Bloomberg...

Hans Michelbach, a finance expert of the Christian Social Union, told the Handelsblatt newspaper it is "inconceivable that the German parliament can make a final decision on the bridge program for Greece before the end of February."

The CSU is the Bavarian sister party of Chancellor Angela Merkel's Christian Democrats. The finance ministers of Greece and the other eurozone countries agreed on Friday to an extension of the bailout program for the highly indebted country, which has to be approved by the parliaments of some of the supporting countries, including Germany.

The Greek overhaul proposals must be examined thoroughly by the governments and the parliaments, and that process won't be concluded by Feb. 28, Mr. Michelbach said.