Bloomberg News

EFSF Expansion Clears Last Legislative Hurdle in Germany

September 30, 2011

Sept. 30 (Bloomberg) -- Germany’s upper house of parliament approved the expansion of the European Financial Stability Facility’s powers to combat the euro area’s debt crisis.

The chamber, which comprises delegates from Germany’s 16 state governments, backed the measure in Berlin today. The lower house voted for the expansion yesterday.

To contact the editor responsible for this story: Tony Czuczka at aczuczka@bloomberg.net


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