Germany Votes to Increase Bailout Fund, Capitalism Saved

And the decision is in: The German Parliament voted with Angela Merkel on a crucial measure to up the bailout trough…

Here’s Bloomberg:

German lawmakers approved an expansion of the euro-area rescue fund’s firepower, freeing the way for European officials to focus on what next steps may be needed to stem the debt crisis.

The lower house of parliament passed the measure with 523 votes in favor and 85 against, granting the fund powers to buy bonds in secondary markets, enable bank recapitalizations and offer precautionary credit lines. It raises Germany’s guarantees to 211 billion euros ($287 billion) from 123 billion euros. The main opposition Social Democrats and Greens said before today’s session in Berlin that they’d vote with Chancellor Angela Merkel’s government, assuring passage.

Stocks in Europe (and the US) sold off into the uncertaint surrounding how this vote would go, so a relief rally is likely.  For now.


Germany Backs Euro Rescue Fund to Set Stage for Next Steps (Bloomberg)

What's been said:

Discussions found on the web
  1. Blue Coaster33 commented on May 04

    Third Flower

    My spouse and i are now delighted that Albert could execute his reports because of the thoughts he had by way of your web content. It can be every now and then perplexing to just generally be gifting away actions which some people might have been marke…

  2. taxi to airport from cheltenham commented on Sep 18

    … [Trackback]

    […] Find More on that Topic: […]

  3. Blazing Trader Review commented on Sep 21

    … [Trackback]

    […] Read More to that Topic: […]

  4. 토토 commented on Oct 18

    … [Trackback]

    […] Find More here to that Topic: […]

  5. DevOps Consultants in Dallas commented on Nov 05

    … [Trackback]

    […] Info to that Topic: […]

  6. 토토 commented on Dec 24

    … [Trackback]

    […] Read More Info here on that Topic: […]

  7. slot online sultanplay commented on Jan 09

    … [Trackback]

    […] Here you will find 52762 more Info on that Topic: […]

  8. cara daftar jadi cpns lulusan sma commented on Jan 31

    … [Trackback]

    […] Information on that Topic: […]

  9. Regression Testing commented on Feb 07

    … [Trackback]

    […] Info on that Topic: […]