German Bundestag passes EFSF motion with large majority

BERLIN Wed Oct 26, 2011 2:22pm BST

General view of members of the German lower house of parliament casting their vote on boosting the firepower of the euro zone rescue fund, at the Bundestag in Berlin October 26, 2011. REUTERS/Thomas Peter

General view of members of the German lower house of parliament casting their vote on boosting the firepower of the euro zone rescue fund, at the Bundestag in Berlin October 26, 2011.

Credit: Reuters/Thomas Peter

Related Topics

BERLIN (Reuters) - Germany's Bundestag lower house of parliament approved a motion to strengthen the euro zone rescue fund via leveraging on Wednesday, providing Chancellor Angela Merkel with the mandate she needs to negotiate at a key euro summit later in Brussels.

The vice president of the lower house said 503 lawmakers had voted in favour of the motion, 89 had voted against and there were 4 abstentions.

The motion states that the European Central Bank (ECB) will no longer need to buy bonds on the secondary markets, and that the rescue fund cannot be financed through the ECB.

(Reporting by Alexandra Hudson and Annika Breidthardt)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.