BERLIN (MNI) – German Chancellor Angela Merkel’s CDU/CSU-FDP
coalition on Friday voted down an opposition motion that the upcoming
changes to the EFSF guidelines are subject to approval by the lower
house of parliament, the Bundestag.
This means, that the new guidelines of the EFSF need to be only
approved by the budget committee of the Bundestag.
Under German law, the budget committee has to approve any changes
to the EFSF. A vote of the whole Bundestag is only necessary if a
majority of parliamentarians demand it.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$G$$$,MFX$$$,MT$$$$]
