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Image header Agence Europe
Europe Daily Bulletin No. 10639
ECONOMY - FINANCE / (ae) germany

Ratification later this month

Brussels, 21/06/2012 (Agence Europe) - Angela's Merkel's government in Germany has managed to convince the main opposition parties to vote by the two-thirds majority required to ratify the fiscal compact and the treaty establishing the European Stability Mechanism (ESM), the eurozone bailout fund that will have lending capacity of €500 billion.

Political parties needed to agree on the legislation in time for ratification before the European summit on Friday 29 June because the government...

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