Mon, May 16, 2011 - Page 10 News List

Germany pressured on eurozone aid

GDP GROWTH:Solid German growth, coupled with higher tax revenues and falling unemployment, are likely to make it harder to refuse aid to the eurozone


German parliamentary approval for the European Stability Mechanism, which would take effect in mid-2013, is scheduled for a vote later this year, and if that opposition spreads among CDU lawmakers, German Chancellor Angela Merkel could turn the issue into a vote of confidence, Engels said.

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