Germany Approves Expansion of Euro Bailout Fund

BERLIN — The German Parliament easily approved the expansion of the bailout fund for heavily indebted European countries Thursday, the most important step in a tortuous process that has rattled markets and raised doubts about the ability of governments to react to the expanding debt crisis.

The tally also marked a narrow but significant political victory for Chancellor Angela Merkel, as fewer lawmakers from her own coalition broke away to join the no vote than had been expected.  Read more   

Categories: Economics, United States

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