Thursday 29 September 2011

The German Chancellor Angela Merkel faces a major test of her authority as MPs vote on whether to approve.

The European Commission and European Central Bank (ECB) and International Monetary Fund (IMF) - is to decide whether Greece has done enough to receive the latest 8bn euros (£ 6.9bn) of loans. the entrances to public sector workers for a number of ministries, including finance, and inspectors from the "troika" that runs the rescue operation was due back in Athens. They said they want to prevent Evangelos Venizelos, Minister of Finance to meet with officials of the troika.the reports was much deeper than that, 50% write off debt owed by the government in Greece, and promotion of major European banks. the Governments support for the euro area debt-swap deal that will see private lenders agree to write off about 20% of their loans to Greece.




 the international inspectors to resume talks with the Greek government to decide whether he did enough to receive more money.the EFSF unpopular with its partners in Chancellor Merkel's coalition, the liberal Free Democratic Party. Late on Tuesday, to refute the Minister of Finance Wolfgang Schäuble the plan and described it as "absurd.There were also rumors of a possible deal to increase the firepower of the rescue fund of euros to 440bn euros as 2tn, which sparked a strong rally in the markets saw earlier this week.the weekend to discuss the best way forward, but EU officials stressed that it was agreed on the grand plan of action.

If more than 19 members of the rebel alliance against Ms. Merkel, she will have to rely on the support center-left opposition to pass a draft law on the powers of a new facility for the European financial stability (EFSF). the process of ratification of the proposals put forward during the summer to give more powers EFSF.the members of the coalition that taxpayer money will not be lost from the Germans during the vote on the rescue plan for the new euro-zone countries heavily indebted.This number is already being sent off as inadequate in light of the worsening crisis, the Greek and the risk of spread to other economies.



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