German cabinet approves euro fund changes
Berlin - Spa
German Chancellor Angela Merkel's Cabinet on Wednesday approved a plan to beef up the euro zone’s rescue fund, the first step toward its passage in Europe's biggest economy. Finance Minister Wolfgang Schaeuble said the German government had "stressed its determination to secure the stability of the euro with powerful equipment at the eurozone level." The plans now go to the German parliament, which is to start considering the changes on Sept. 7. A vote is expected on Sept. 29, according to a report of the Associated Press.
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