Germany moves to approve bailout

Oct. 17 - Germany's Bundestag lower house of parliament approves a 500 billion euro bank rescue package with a large majority.

The package will come into effect on Monday as long as it is also backed by the upper house of parliament, the Bundesrat, which should just be a formality.

The was once again volatility in the markets, which followed Wall Street and rose at the open, as they waited to hear about the government's rescue plan and the threat of recession.

Joanna Partridge reports.

SOUNDBITE: Robert Halver, Head of equity market analysis at Baader Wertpapierhandelsbank.