Germany Approves EU Bailout Fund

Thursday, September 29, 2011

German Chancellor Angela Merkel (C) smiles surrounded by MPs holding their ballots on September 29, 2011 at the Lower House of German Parliament in Berlin. (JOHN MACDOUGALL/AFP/Getty Images/Getty)

German Chancellor Angela Merkel scored a major political victory on Thursday as the Parliament voted to expand the European Union's bailout fund. While the measure passed, the divisive vote had threatened Merkel's control over her own governing collation. The legislation increases Germany's share of guarantees from €123 billion to €211 billion. Six out of 17 euro zone nations still need to pass the agreement. Analysts are skeptical, saying the fund is too small to help seriously indebted European countries.

Louise Story, Wall Street and finance reporter for The New York Times, reports on the latest.

Comments [4]

It took NPR 11 days of the protest on Wall Street to acknowledge it with a feature report from WNYC. This is chilling....

The first broadcast of ALL THINGS CONSIDERED in May 1971 was the BEGINNING of National Public Radio. It included lots of coverage of an anti-war rally in DC. 40 years later, is NPR's lackluster coverage of the Wall Street protest a sign that NPR is dying?

And how on earth can such an event be taking place in the same locale as The Take Away, and have the program ignore this potentially game-changing event?

Sep. 29 2011 10:24 PM
Darby from Detroit

How vile can John Hochenberry be ? Louise Story tried to stay somewhat objective, but Hockenberry kept questioning capitalism and democracy. Instead of the "one host" suggestion above, how about a synthesized voice announcing and questioning the guests.

Sep. 29 2011 05:54 PM

"..These democratic institutions are not really able to deal with these problems.."

While law abiding, small government conservative activists are viciously defamed and law breaking left-wing activists are ennobled, this tone confirms some of the worst suspicions many have of the so-called "progressive" ideology.

It seems an ominous order of sulphur is released when the surface of "progressive" thought is scratched and their political instincts turn very illiberal and authoritarian.

What does "going back to the drawing board" mean exactly for a Constitutional Republic?

Sep. 29 2011 11:37 AM
joan k davidson from 157 east 75 street, 10021

this week's Takeaway is rewarding in that there is only one host, leaving more time for us to hear the interesting guests. Please let John Hockenbery run the program alone--as do Brian Lehrer and Leneord Lopate, Thanks!

Sep. 29 2011 08:46 AM

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