German parliament approves expanded bailout fund
http://dervishcom.blogspot.com/2011/09/german-parliament-approves-expanded.html
ATHENS — German chancellor Angela Merkel's political standing was reinforced on Thursday, as she succeeded in convincing a majority of her own partners to approve expanded powers for the European bailout fund that she has said is critical to ensuring economic stability on the continent.
The expanded powers were approved in Germany based on the support of opposition parties, and it will go forward if six other euro area countries approve it over the coming weeks. But the vote in Germany suggests that Merkel has little ground on which to stand in pushing for further measures that would increase Germany's commitments to helping its troubled fellow euro-users.
Read full article >>
--
Source: http://feeds.washingtonpost.com/click.phdo?i=62bd72c2002f989d14a95e7d84f74b8b
~
Manage subscription | Powered by rssforward.com
