Wednesday, October 26, 2011

Merkel Wins Bailout Fund Increase Vote After Threatening WW3

Merkel wins a parliamentary vote of support for an increased bailout fund by threatening World War 3.

"The goal is to cut Greece's debt to 120percent of GDP by 2020"!?!
9 years!?!

Angela Merkel, the German Chancellor, won a parliamentary vote of support for boosting the firepower of the bailout fund after raising the spectre of war in a speech in the Bundestag.
She told MPs  : "Nobody should take for granted another 50 years of peace and prosperity in Europe  ... that's why I say: If the euro fails, Europe fails.
"We have a historical obligation: To protect by all means Europe's unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail."
The vice president of the Bundestag lower house of parliament said 503 lawmakers had voted in favour of the motion, 89 had voted against and there were four abstentions.
The parliamentary vote binds Ms Merkel to sticking closely to the text of the motion passed by the Bundestag in her negotiations in Brussels, thus strengthening her bargaining power.
Ms Merkel said the summit's aim must be a solution that allows Greece to cut its debt load to 120pc of gross domestic product by 2020.
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