Berlin (Reuters)-the now familiar script, Europe again in its debt crisis avoid disaster, German lawmakers condensed chancellor Angela merkel on Thursday behind more strong euro zone approved by the rescue fund.
But the greater challenge looms now the euro zone. Financial markets have been expected a possible Greece default, and requires more far-reaching measures to prevent crisis spread, far beyond the Europe and its bank began in Athens.
The federal house (parliament) overwhelmingly approved a new power to make loans to help prevent bank transfers and buy troubled country in the secondary market, the bonds for 44 billion euros EFSF fund.
Although ms merkel 15 backseat eurosceptics insurgency from Europe, and her own center-right alliance won with 315 votes, enough to avoid don't have to rely on the opposition social Democrats and greens through the plan a humiliation.
"Voting results is a European strong signal, clearly shows that Germany dedicated to the euro and protect our currency, the most widely in parliament," Herman said Groehe, her Christian Democratic Party general secretary.
The measure is a July 21, the eurozone leaders in order to solve the crisis offers a debt of Greece's second relief, in part, by the private sector is the bond holders aid part of the agreement, and provide more firepower to prevent the spread of the greater the eu, swallowed economies Spain and Italy.
But this agreement in Italy and Spain failed to prevent the borrowing costs soar, forcing the European central bank intervention in August, in order to buy their bonds and may in Greece, have again, its cut the deficit behind the goal to push it to the default has not been released.
"There are more and more people know, even in more reticent, July 21 bag is yesterday's war, we need to go further," a European Union officials said, do not wish to be named to speak.
The euro and European stock markets fell to German bunds haven after the power of an in Europe, in the public opposition, to further assistance in the close attention to vote.
But analysts said, financial market and the external forces from the eu's decision makers still wants more comprehensive debt crisis response.
U.S. President barack Obama to the criticism of the eu to keep of crisis management of the drum, and on Wednesday said: "in Europe, we have not seen them and their financial system and the banking system, as effective as because they need to deal with.
The European Union officials have on how to use the rescue fund, but keep those who work in the legal and political with option, packaging leading German vote, in order to avoid the house against federal shake.
German economy minister Philip Roesler, free democratic leaders, Angela merkel in the league, the sensitivity of the emphasis on a visit in Brussels, said after the vote, in Berlin, and don't want to use the rescue fund.
The European commission welcome, and increase the EFSF approved by Germany says this is the confidence of the approval process will complete the whole the middle of October 17 countries currency area.
Elsewhere in Europe, there is a sense of relief. French President nicolas sarkozy called ms merkel to congratulate her, and invite PaPanDeLiOu Greek prime minister last Friday in Paris talks to discuss the Greek debt, is at stake. PaPanDeLiOu in Berlin met with Angela merkel on Tuesday.
Cyprus the EFSF also new powers, has approved last Thursday to the number of 12 countries. The rest of the only of Slovakia's endorsement looks political tricky.
In Spain, Italy pain
Although Germany's vote, Spain and Italy, emphasize the development of sovereignty in dealing with the eurozone debt crisis is still faced with daunting challenges.
Spain the ruling social suddenly shelved plans part of the national lottery sales, up to 90 billion euros ($12 billion), in the face of severe market conditions, the political opposition and bank capital attention, improve the public's warehouse.
Should start to 30% of public offerings Loterias recollection, book building a day before a few weeks ago, a November 20 a general election, polls show, the center-right people's party of cleaning a strike.
In sales of the bank, santander and BBVA, see as a direct competitor, their efforts to strengthen the tempting hispanics, their capital, draw on investment lottery Loterias flotation, shares.
Italy also have to pay on a 10-year Treasury note from the highest yield introduced in 1999 in the euro last Thursday's auction, the first long-term sales standard &poor's cut the country since the sovereign credit rating.
Rome of the capital cost pressure, although the European central bank bonds to buy and a risk preference of the euro's rise, because the rescue fund expected. Analysts said the government's tentative crisis response damage to investor confidence.
Italian sold $786 million of long-term bonds, to 43 billion euros of euros a year of total issued from the target, but in the auction the 10-year Treasury yield rose to 5.86%, from 5.22% a month ago.
Schnautz, in the commercial bank of interest rates strategy ", "David said that the water level of the yield eyes.
In the Athens Olympic Games three carriages of the meeting, the European commission, the European central bank and the international monetary fund senior officials to resume talks, check, Greece has reached its aid out terms of the plan, take new austerity measures,. The Greek Treasury says climate "positive and creative".
The government will run the money, unless it receives in the next 800 million euros in emergency loans installment payment of wages and pensions in October. Pushing congress to pass a popular new property tax despite this week's anger.
Before the start of talks, the tightening of the entrance, a few protesters blocked ministries.
The ministry of finance about 200 employees gathered in their department before, cried, "your aid and leave"
"The profession that pursues is today three carriages returns, the our country and we faced a new decision, and is further pay cuts... new tax increases and mass layoffs decided to savage measures, the public sector ADEDY said in a statement:".




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