2011年5月21日星期六

Parliament German back funds euro: Member of the coalition (Reuters)

ROSTOCK, Germany (Reuters) - German Chancellor Angela Merkel will secure a parliamentary majority to the caisse of permanent bailout for the euro area, a politician senior coalition said Saturday.

Some German media have reported an increasing number of parliamentarians to oppose the new European permanent stability mechanism (ESM) beginning in 2013 and there is concern about the requirement of the Greece for additional assistance after the package of EUR 110 billion last year.

"In the end, we will always a clear majority," Rainer Bruederle, leading parliamentary floor of junior coalition partner of the Democrats (FDP), said at a Congress of the party in the city of Rostock.

Dissenting FDP Frank Schaeffler said 40 to 50 members of the coalition - Christian Democrats (CDU from Merkel), its Bavarian sister party the Union - Christian-social (CSU) and the FDP were to vote against the ESM console.

That would wipe out the majority of the coalition in a parliamentary vote scheduled for autumn, but Merkel can rely on the voice of the euro between the opposition Social Democrats and green enthusiasts.

Coalition leaders also say Schaeffler exaggerates, as Eurosceptics are isolated and that the Government would have majority support, as Angela Merkel predicted this week.

The FDP Congress is due to vote on the motions of euro zone two, one for and one against the MSE, later Saturday.

The motion pro-European called for "strict parliamentary approval of each activation of the ESM" and supported the insistence of investors Merkel private sharing the burden of sovereign risk by default in the euro area in the future.

(Reported by Andreas Rinke and Thorsten Severin;) Written by Sam Cage; (Editing by Peter Graff)


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