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Europe Daily Bulletin No. 10463

30 September 2011
GENERAL NEWS / (ae) eu/economy
Germany agrees to extend clout of EFSF bailout fund

Brussels, 29/09/2011 (Agence Europe) - On Thursday 29 September, the German Bundestag approved the plans to increase the EU bailout fund to give it more clout (with effective lending capacity of €440bn) and give the current EFSF greater powers. Angela Merkel was able to win over enough support from Christian-Democrats and Liberals to win the vote by a handful of votes, not needing to call on opposition parties for support. The Left opposition parties rallied round the 21 July decisions a...

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