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Kurdish independence referendum: What impact on the region?

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THE INTERVIEW

Iraqi Kurdistan FM: 'We are determined to go ahead' with independence vote

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FOCUS

Are universities in Pakistan becoming a breeding ground for terrorism?

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Film show: 'It', 'Loveless', 'Nothing to Hide' and 'The Party'

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THE INTERVIEW

Save the Children CEO on Rohingya crisis: 'Children are being shot at'

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British PM expected to make offer to Brussels in upcoming speech

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THE POLITICAL BRIEF

French labour reforms: Will protests make Macron back down?

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IN THE PAPERS

'US threatens to totally destroy North Korea'

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IN THE PAPERS

Are hurricanes an uncontrollable phenomenon?

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German Bundestag approves bank bailout

Latest update : 2008-10-17

The German lower house of parliament approved a 480 billion euro rescue plan for Germany's banks, clearing the first parliamentary hurdle for the package to pass. The plan is part of a multinational agreement to prevent financial collapse in Europe.


  
The German lower house of parliament approved Friday the government's 480-billion-euro (650-billion-dollar) rescue package for the crisis-ridden financial sector.
  
A total of 476 parliamentarians voted for, 99 voted against and one abstained.
  
The Bundestag vote was the first parliamentary hurdle for the package to pass. It must now be approved by the upper house or Bundesrat, before it can be signed into law by President Horst Koehler later on Friday.

Date created : 2008-10-17

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