German MPs agree eurozone bailout boost
The German parliament has approved by an overwhelming majority a plan to boost the lending capacity of the eurozone bailout fund by EUR 440bn.
Friday, 30.09.2011.
13:14
The German parliament has approved by an overwhelming majority a plan to boost the lending capacity of the eurozone bailout fund by EUR 440bn. MPs agreed by 523 votes to 85 to back an earlier EU decision to increase the European Financial Stability Facility. German MPs agree eurozone bailout boost “The Greek social cuts are worth EUR 330bn,” said former German Finance Minister Peer Steinbruck. “I’d be grateful if there was a bit more respect for the efforts there.” The potential challenger to Chancellor Angela Merkel’s leadership in 2013 admitted that the Bundestag would face similar protests if the German economy were to require similar austerity measures. “I don’t know what the square behind me would look like,” he told reporters following the vote.
German MPs agree eurozone bailout boost
“The Greek social cuts are worth EUR 330bn,” said former German Finance Minister Peer Steinbruck. “I’d be grateful if there was a bit more respect for the efforts there.”The potential challenger to Chancellor Angela Merkel’s leadership in 2013 admitted that the Bundestag would face similar protests if the German economy were to require similar austerity measures.
“I don’t know what the square behind me would look like,” he told reporters following the vote.
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