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tisdag, oktober 25, 2011

Merkel Gambles on Parliamentary Support for Euro Backstop


RISKY BUSINESS

German Chancellor Angela Merkel, not known for taking risks, has allowed her party to call a full parliamentary vote on the euro rescue fund -- the second in less than a month.

Chancellor Merkel's conservatives have bowed to pressure for a full vote in parliament on Wednesday over controversial plans to boost the euro rescue fund. Broad backing would help Chancellor Angela Merkel in EU talks on rescuing the euro, but it's a risky gambit, given the unknown number of rebels in her ranks.

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