Germany

Germany expands bailout fund

On Thursday, German parliament passed the expansion of the Euro fund. The bill was approved by 523 votes in favor, 85 against, and 3 abstentions. Germany’s fund lending capacity increased from 120B euros to 211B Euros, but critics fear that it may not be enough. Parliaments must continue voting on the expansion.

The expansion of the Euro fund in Europe will be able to help some countries such as Greece, whose banks are in trouble as a result of overexposure to bonds from indebted states. Germany is demonstrating that they are willing to help countries that are in need, and show that when in trouble, they pitch in. Although, as viewed by some parliaments, it is just money that they do not have, Germany will prosper by helping other countries.

Liberal

http://www.spiegel.de/international/germany/0,1518,789074,00.html

http://www.gbm.com.mx/home/

September 30, 2011 at 01:17 am