Germany backs new EFSF powers

Yusuf Yassin
29 Sep 2011

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Germany's parliament has voted in favour of measures to expand the size and scope of the €440 billion ($600 billion) European Financial Stability Facility (EFSF), yet concerns persist over the fund's ability to act as a backstop to core euro area countries.

On Thursday, the German chancellor Angela Merkel won the overwhelming support of the Bundestag, after 523 of the 611-member parliament voted in favour of a bill to amend legislation on the eurozone bailout vehicle. Eighty-five ministers voted

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]