German Lawmakers Pass Expanded Euro Bailout Fund

German Lawmakers Pass Expanded Euro Bailout Fund

Germany’s parliament approved a plan Thursday to expand the power of a European bailout fund for troubled countries that use the euro.

The Bundestag, or lower house, passed the bill 523-85 in a vote considered one of the biggest in Chancellor Angela Merkel’s career.

Some party members have called for Greece to default and leave the eurozone. Frank Schaeffler said he and other FDP „rebels“ are realists, while Merkel „is a euro romantic.“

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