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Friday, October 7, 2011

Germany votes on eurozone rescue package

European debt crisis: Germany votes on eurozone rescue package

Wolfgang Sch?uble went on to warn that Europe is in an "extraordinarily difficult situation," and that nervousness in financial markets could spread to the real economy.

Germany's finance minister stressed that the country must remain "an anchor of stability in Europe".

Turning to Greece, he reiterated that it will only get the next tranche of bailout money if conditions from the troika - the European Union,,wholesale POLO Ralph Lauren SERIES, European Central Bank and International Monetary Fund - are met. A decision is expected on 13 October.

Carsten Schneider, of the opposition Social Democrats, welcomed the proposed changes to the EFSF, but said they came one year too late.

More details from the Bundestag debate. Wolfgang Sch?uble, Germany's finance minister, has attempted to reassure MPs by saying any speculation about further changes to the EFSF is inappropriate. "Indecent",Golf Ladies Clubs in fact.

Sch?uble told parliament:We should not ask ourselves what is coming next and who intends this and that.Louis Vuitton Handbags wholesale That either increases insecurity or it is not serious and it is in truth even indecent.,Cheap moncler vests,

Last weekend, reports broke that a €2trn rescue deal was being put together - including a major expansion of the EFSF. This has since been denied by several governments.

Amid many questions about whether there were plans to leverage the fund, Sch?uble said the Bundestag was voting on whether to boost the German contribution to the eurozone bailout fund, and after that "we will see".