Mediafax (Mediafax)
Markets  |  June 29, 2012 06:00:05

German politicians will vote on the European stabilization mechanism (29 June 2012)


BERLIN (MEDIAFAX) - Both chambers of the German Parliament will vote on Friday on the adoption of the European Stability Mechanism (ESM). He has come into force on 1 July, which aims to help weak eurozone countries to cope with the continuing debt crisis.

German Chancellor Angela Merkel's government and opposition to overcome differences and reach an agreement that paves the way for the local parliament to ratify the pact and fiscal permanent euro rescue fund on Thursday.

The head of the main opposition Social Democrats (SPD) Sigmar Gabriel welcomed the agreement after talks with German Chancellor Angela Merkel, who was associated with oppositional terms in exchange for opposition support for fiscal pact.

The government coalition and the opposition agreed on a pro-growth economic measures for Europe, which allows Parliament next week to approve the fiscal pact and ESM.

The stabilization mechanism such as MPs approved the Slovak National Council on Friday, a large majority. For permanent euroval as the Slovak Republic ESM says almost four fifths vote of Members.

A day earlier ESM was also approved in Finland, the Finnish Parliament 200členném voted for the ratification of the ESM of 104 legislators, 71 were against.

Jan Soukup, soukupj@mediafax.cz

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