Aug. 31 (Bloomberg) -- German Chancellor Angela Merkel’s
Cabinet approved proposed changes to the European Financial
Stability Facility, the chancellery office said.
The changes, which include expanding the EFSF to allow
sovereign bond-buying powers, were agreed on by European leaders
at a July summit and backed by ministers meeting in Berlin
today. The draft will now go be introduced to the German
parliament on Sept. 5, with lawmakers due to vote on the
measures Sept. 29.
Cabinet approved proposed changes to the European Financial
Stability Facility, the chancellery office said.
The changes, which include expanding the EFSF to allow
sovereign bond-buying powers, were agreed on by European leaders
at a July summit and backed by ministers meeting in Berlin
today. The draft will now go be introduced to the German
parliament on Sept. 5, with lawmakers due to vote on the
measures Sept. 29.
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