{"id":28499,"date":"2011-09-29T15:34:54","date_gmt":"2011-09-29T15:34:54","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/german_parliament_backs_euro_rescue_fund\/"},"modified":"2011-09-29T15:34:54","modified_gmt":"2011-09-29T15:34:54","slug":"german_parliament_backs_euro_rescue_fund","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=28499","title":{"rendered":"(Bloomberg) German Parliament Backs Euro Rescue Fund"},"content":{"rendered":"<p>German lawmakers approved an expansion of the euro-area rescue fund\u2019s firepower, freeing the way for European officials to focus on what next steps may be needed to stem the debt crisis.<\/p>\n<p>The lower house of parliament passed the measure with 523 votes in favor and 85 against, granting the fund powers to buy bonds in secondary markets, enable bank recapitalizations and offer precautionary credit lines. It raises Germany\u2019s guarantees to 211 billion euros ($287 billion) from 123 billion euros. The main opposition Social Democrats and Greens said before today\u2019s session in Berlin that they\u2019d vote with Chancellor Angela Merkel\u2019s government, assuring passage.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-09-28\/germany-votes-on-euro-rescue-fund-to-set-stage-for-more-anti-crisis-steps.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German lawmakers approved an expansion of the euro-area rescue fund\u2019s firepower, freeing the way for European officials to focus on what next steps may be needed to stem the debt crisis. The lower house of parliament passed the measure with<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=28499\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,595,592,149,591,200,590,478,151,585,596],"tags":[],"class_list":["post-28499","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-germany","category-politics-in-general","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28499"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28499\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}