Berlin/Athens (Reuters)-German chancellor Angela merkel may drop in her own alliance most of the euro zone of the rescue fund key reform means to stop the spread of the sovereign debt crisis, this will be a serious blow her authority, test results show that the vote.
The advice of dialogue of up to 44 billion euros ($59.85 billion) of the rescue fund breed, using the European financial fire Tuesday lifted the global stock markets, but Angela merkel to take her to unite center-right alliance.
The Reichstag (parliament) approved expanding the scope of the European financial stability fund, market, to help the weak and bank, the European leaders agreed to in July, is must, because the opposition social Democrats and greens said, they will vote on Thursday, support measures.
But the euro skeptical backbencher in the conservative and liberal democracy meckel coalition partners to further assistance of hostility against may leave her in her own most of the camp.
In a Tuesday internal vote, 11 of the cdu/ms merkel from JiSheMeng group representatives to vote against the bill, 2 abstained. Alliance sources said they expected 2 to 5 LDP vote against Congressman, and as many as six abstain.
If more than 19 league congress vote or abstained, ms merkel will in political humiliation, could weaken her ability and push through the save the future depends on the "no" vote.
European stock markets surged 4.3%, in May 2010 the biggest one-day increase since the fall of the German national debt haven and policymakers are ready to take decisive action to solve the debt crisis of the report.
Italian, Spanish and French debt default insurance cost also dropped a bold solution, it appeared in front of the political reality is a little ground of hope.
German finance minister Wolfgang ShuoYiBuLe was forced to deny any wolff rescue fund is to calm the increased amount of anger center-right senators plan.
"We are not going to increase, ShuoYiBuLe said:" n-tv.
This can't be directly solve the problem can use the EFSF fund raise more capital, in order to prevent the spread of the spread, from Greece to Italy and Spain as well as the euro zone's third and fourth economy is.
responsibility
Leverage will likely borrow more, perhaps by the European central bank, not increase financial fire extinguishing the scale of the EFSF, but critics say it will also improve Germany taxpayers any loss of the liability to pay compensation.
Some congressmen worry, the European Union officials just waiting for their approval, they will eventually increase the guarantee and the future more help city plan, and then press.
French finance minister francois Baroin clear, have the reason of tactics to avoid discussed how to promote decided to fund the firepower in Germany.
"This is the question of 3 days, the Reichstag (parliament) vote, whether or not we should increase capital...... let's not open Pandora's box stuff, this is a German red flag," he said.
The prime minister and parliament, said Philip French put forward the proposals of the euro zone, strengthen the "speculative attacks" battle, once the German vote.
The fund's position, but it is set to evolution premature would work "as equity funds leverage," Baroin.
Angela merkel guarantee PaPanDeLiOu Greek prime minister said in Berlin, Germany hope a powerful Greece on Tuesday night in the meeting, will do all the necessary. She also says she believes she's the league will have their own votes through the measures, promote the eurozone assistance funds.
Merkel PaPanDeLiOu said, Greece needs to European unity. "This is a very important receiving signal from our European partners support," he said.
Earlier, PaPanDeLiOu has promised to German industry, Greece will meet the eu/imf aid under the plan commitments, despite so far, lack of key financial goals.
"PaPanDeLiOu said," I can assure you, Greece will live up to all the promises.
Angela merkel to the same BBS: "we will supply all the help they need from Germany, Greece, in order to restore trust." However, some of her minister has publicly questioned the country's ability to avoid default, and stay in the euro zone.
damage
The Greek parliament Tuesday approved the deeply unpopular new property tax, a few extra austerity measures, the government are scrambled through the jam budget hole found earlier this month by the eu/international monetary fund inspectors.
Ordinary greeks, cuts in pay and pensions, large-scale unemployment and tax increases anger, Tuesday's congress of the new strikes and demonstrations. [ID: nL5E7KR0FY]
Germany and France's economic advisers urged in Tuesday's joint article, Greece to allow its debt of about 50%, and called on the support of large Greek holding bank. [ID: nL5E7KR0JX]
Greek finance minister WeiNi jersey's Ross from with the international monetary fund of negotiations, said by default speculation is damage other countries, it is essential to insist on July 21, the second relief agreement in Greece.
WeiNi ze Ross, said the eu senior/international monetary fund inspectors of the so-called three carriages will back to Athens, Greece will get the next 800 million euros of aid time devices to avoid bankruptcy next month. Close to the team's a source said, they may be on Wednesday to return to complete the assistance program compliance. [ID: nP7E7II01Z]
Most analysts expected to get cash, Greece, but the default, anyway, in just a few months, may be in early next year.
The European central bank board member lorenzo magee, fuel, (Monday) said the decision makers to the work of the expectations of the larger help city pool "how to use more innovative and effective way to take out money EFSF."
Quoting U.S. plan to save bank 2008-9 during the financial crisis, he said EFSF funds can be used as collateral to borrow money from the central bank, make more money can be used for crisis battle. He in the European central bank's colleagues val DE NuoWoTeNi also said that at present are discussing the capital increase available, though it may not high, some expected.




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