Monday, February 27, 2012

Merkel faces difficult Greek vote in German parliament


(Reuters) - Germany's parliament will almost certainly endorse a Greek bailout on Monday despite growing pressure on Chancellor Angela Merkel to meet domestic calls to stop throwing money down "this crazy path."

The world's 20 leading economies, the G20, piled pressure on Germany at the weekend to drop its opposition to a bigger European bailout fund, telling Europe it must put up extra money if it wanted more help from other countries.

But Merkel, leader of Europe's paymaster, first faces a difficult vote in parliament, which may force her to rely on opposition votes to approve the 130-billion-euro ($175 billion) rescue program for Greece, its second since 2010.

Read more: http://www.reuters.com/article/2012/02/27/us-eurozone-germany-idUSTRE81P0WR20120227

No comments: