Arab Today, arab today german warning over rescue fund ratification
Last Updated : GMT 23:12:04
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*

Arab Today, arab today german warning over rescue fund ratification Arab Today, arab today german warning over rescue fund ratification

 



Arab Today, arab today

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*

Arab Today, arab today german warning over rescue fund ratification Arab Today, arab today german warning over rescue fund ratification

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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