German Parliament Approved Expanded European Union Bailout Fund

Sep 29, 2011, 16:24 IST

International Current Affairs 2011. Garman Parliament approved expanded powers for the EU’s main bailout fund. The Parliament voted in favour of an enhanced 440 billion euro European Financial Stability Facility (EFSF)

Garman Parliament approved expanded powers for the EU’s main bailout fund. The Parliament voted in favour of an enhanced 440 billion euro European Financial Stability Facility (EFSF). Many Germans are against committing more money to prop up struggling eurozone members such as Greece.


The approval by the Parliament means that it would allow the fund to buy bonds of distressed states and offer emergency loans to governments and offer emergency loans to governments. Earlier, Finnish parliament approved the proposed overhaul of the EFSF.


The EU bailout fund must win the approval of all euro-zone members.

Jagran Josh
Jagran Josh

Education Desk

    Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

    ... Read More
    Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

    Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

    AndroidIOS

    Trending

    Latest Education News