Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

German Bundestag rallies against euro bailout fund

The upper chamber of the German parliament is due to vote on the new expanded powers of the European Financial Stability Facility (EFSF) on 23 September. At that point, early polls on an upcoming vote in the German Bundestag show growing opposition to the EU’s crucial bailout fund and its expanded powers to purchase the bonds of indebted countries.In addition, the ongoing purchases of Spanish, Irish, and Italian bonds by the European Central Bank (ECB) have been met with caustic criticism by a majority of German politicians including their finance minister, Wolfgang Schauble. As the Euro zone’s largest economy, Germany makes the biggest contribution to both financial bodies, the ECB and the EFSF.

Share this article :

Related contents ...

Merkel wins her fourth term in Germany; will this help drive banking union or will nationalist political parties manage to oppose it?

Rockets and Feathers in the UK Energy Market: Cartel or Competition?

The War on Cash: Haldane Edition
by Kevin Dowd

Public transportation in Italy, Uber and the need for liberalisation and competition

Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy

Monthly newsletter
Receive our publications for free