german warning over rescue fund ratification
Last Updated : GMT 02:06:48
Arab Today, arab today
Arab Today, arab today

German warning over rescue fund ratification

Arab Today, arab today

Arab Today, arab today German warning over rescue fund ratification

Berlin - AFP

The speaker of Germany\'s parliament has warned Chancellor Angela Merkel against attempting to railroad measures to extend the eurozone\'s crisis fund through parliament next month. \"The European recovery mechanism issue is so important that parliament cannot debate it with the necessary care and vote on it in the course of just a few days,\" Norbert Lammert, a member of Merkel\'s Christian Democratic Party (CDU), told Sunday\'s edition of the Frankfurter Allgemeine Zeitung paper. \"It will hardly be possible to deal with the matter between September 20 and 23,\" the time slot allocated by the government to push through the measures decided by European leaders on July 21 in a bid to strengthen the European Financial Stability Facility (EFSF) fund to guarantee Greek bonds, he said. European governments want to rush measures through their respective parliaments to steady the nerves of financial markets which saw panic selling over the past week. \"It\'s up to parliament itself to decide how much it needs to debate\" the matter, Lammert added. \"The German government cannot decide anything that will cost only one cent without the approval of the Bundestag,\" Germany\'s lower house of parliament, he said. He also expressed concern that European leaders had failed to agree on mandatory sanctions against countries that mismanage their finances. \"I\'m sure of one thing. The peace that is so much needed on financial markets cannot be achieved without automatic sanctions against countries that violate stability criteria,\" he said. Merkel, who is holding an emergency summit meeting on Tuesday with French President Nicholas Sarkozy, has promised European partners her country would ratify the measures by the end of September. She is assured of a majority in parliament as even opposition Green and Social Democrats back the measures. But rifts have opened within her own governing coalition where 30 to 40 members of parliament -- with backing by some ranking members of the Free Democrats (FDP) -- are threatening to oppose the plan. \"We won\'t hand out a blank cheque to buy other country\'s bonds,\" FDP parliamentary group leader Rainer Bruederle said in an interview with the Tagesspiegel newspaper. The Free Democrats are also pushing for a cap on debts to be enshrined in the constitution of all 17 eurozone countries, following Germany\'s example.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german warning over rescue fund ratification german warning over rescue fund ratification

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german warning over rescue fund ratification german warning over rescue fund ratification

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday