Mediafax (Mediafax)
Markets  |  July 19, 2012 02:35:11

The Bundestag will vote on aid to Spanish banks


BERLIN (MEDIAFAX) - Members of the German Bundestag will vote on Thursday to help the banking sector in Spain. According to Chancellor Angela Merkel would have to vote to support the majority of lawmakers.

"Always we get the majority we need," said Merkel in Sunday's interview with German television station ZDF.

Eurozone finance ministers recently agreed on a rescue package for the Spanish banks up to 100 billion euros (about 2.54 trillion. CZK).

Its commitment to Spain then to confirm the meeting on Friday called Eurogroup of eurozone finance ministers therefore. German Finance Minister Wolfgang Schäuble, but still needs approval before the Bundestag.

Merkel also reiterated its position that the support price for Eurozone countries that find themselves in trouble must be strictly observed fiscal targets and monitoring their implementation.

Tomáš Králíček, kralicek@mediafax.cz

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Bundestag bude hlasovat o pomoci španělským bankám

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