It’s believed that the market will get a temporary boost after Germany’s parliament approved the new EFSF fund with 523 votes in favor and 85 against. Supporters of the plan far exceeded expectations. Passage of the measure signaled the largest Eurozone economy’s guaranteed loans will increase to 211B euro from 123B euro. All members of the Eurozone will have to approve the new rescue fund for it to be carried out. Countries such as France, Italy, Spain, Slovenia and Finland have already passed it.
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Market Relieves Temporarily after Germany Passes EFSF Bill
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