• Germany edition
Business & Money
Photo: DPA

Schäuble certain of majority for Greek bailout

Published: 21 Feb 12 10:31 CET | Print version
Online: http://www.thelocal.de/money/20120221-40871.html

Finance Minister Wolfgang Schäuble said on Tuesday he was "totally confident" Germany's parliament would approve a Greek bailout deal without the governing coalition having to rely on opposition support.

"I am totally confident that colleagues in the Bundestag (lower house of parliament) see things like the German government (does)," Wolfgang Schäuble told Deutschlandfunk radio.

Asked whether a majority of lawmakers from the centre-right coalition government would vote in favour of the second aid package for debt-wracked Greece on February 27, he replied: "I am totally confident."

Chancellor Angela Merkel has so far succeeded in garnering overwhelming support in Bundestag votes on eurozone bailout issues despite some opposition from within her conservative grouping.

In October, she won a comfortable majority in parliament for plans to boost the EU war chest to fight the crisis with the two main opposition parties also supporting the plan.

The Bundestag is due to vote on Monday on a deal, hammered out in the early hours of Tuesday in Brussels by eurozone finance ministers, for granting up to €130 billion in loans until 2014.

AFP/mry

What do you think? Leave your comment below.


Your comments about this article:

21:50 February 21, 2012 by Englishted
"centre-right coalition government "

Before you tea partyist begin your normal twaddle.
ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Business & Money headlines
Photo: DPA

Germany cool to France's EU economy plan

Germany said Friday that French President Francois Hollande's proposal for a eurozone economic government was "interesting" but reacted coolly to his call for strengthened European budgetary powers. READ () »

Photo: DPA

Au pairs rules relax for non-German families

Foreign families will soon be able to officially engage au pairs from outside the European Union, as long as they speak German at home, as the government prepares to change the law. READ () »

Wolfgang Schäuble and his French counterpart Pierre Moscovici. Photo: DPA

Germany refuses to slam French economic policy

Germany will not publicly criticize France over economic policy, German Finance Minister Wolfgang Schäuble insisted on Thursday, amid differences between Berlin and Paris over growth versus austerity in battling the eurozone debt crisis. READ () »

Photo: DPA

Capri-Sun drink wins false advertising award

A German food industry watchdog singled out drinks-maker Capri-Sun for its annual advertising "award" on Thursday, for what the group described as "shameless" marketing of sugary drinks to children. READ () »

Photo: DPA

Anaemic economy feels winter chill

The German economy, Europe's biggest, clocked up anaemic growth at the start of 2013 as the freezing winter weather put the brakes on activity, official data showed on Wednesday. READ () »

Photo: DPA

ThyssenKrupp bins 3,000 admin jobs

German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter. READ () »

Photo: DPA

Pay deal for metal workers averts strike

Germany's powerful union IG Metall agreed a pay deal with the metal industry's employers association early Wednesday, averting the threat of a major strike. READ () »

Photo: DPA

First ever strike hits Amazon's German unit

German employees of Amazon staged their first-ever walkouts on Tuesday as the US internet retail giant was hit by a dispute over pay. READ () »

Photo: DPA

Volkswagen plans giant car plant in China

German auto giant Volkswagen will build a plant in central China, a spokesman said Tuesday, as it battles US rival General Motors to be the top foreign automaker in the world's biggest car market. READ () »

Photo: DPA

Metal workers enter huge warning strikes

Tens of thousands of metal workers downed tools on Monday in a spat between powerful union IG Metall and employers over pay. It marks the start of what could be a decisive week for the industry as a full-scale strike looms. READ () »

More Business & Money

See all ads | Join the Marketplace

Jobs in Germany, in English

771 jobs available
587 new jobs this week
0 new jobs today

ALL JOBS »

Latest Business & Money news from Sweden
News from the Goethe-Institut
News from DeutschlandOnline

Toytown Germany
Germany's English-speaking crowd
Trade CFDs with InterTrader.com
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
Little house in Spain
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Albatross Insurance
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Hotel reservations in Berlin
Visiting Berlin anytime soon? Book your hotel in Berlin here.
Rental apartments in Berlin
For home-from-home holiday accommodation, search for a Berlin apartment to rent.