GERMAN PARLIAMENT PASSES BAILOUT WITH MASSIVE MAJORITY

  x You have successfully emailed the post. Update: It's official. The German parliament has passed the expansion of the bailout fund with a massive majority 523 yes to 85 against.

Markets around the world are higher, but an early rally is starting to fade.

Original post: The big event of the morning: The German government votes on expanding the EFSF, the big bailout fund that will be crucial for rescuing Greece.

It's expected to pass easily, though the vote is controversial. The big question is whether or not the vote can be passed with Merkel's coalition alone.

Merkel's government has pushed hard for this.

It's set to begin in a matter of minutes.

German speakers can watch the action LIVE here.

Please follow Money Game on Twitter and Facebook.
Follow Joe Weisenthal on Twitter.
Ask Joe A Question >

x

To embed this post, copy the code below and paste into your website or blog.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.