Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

South Africa: 20 children killed in bus crash near Pretoria

Read more

MEDIAWATCH

An Election in the Shadow of Terror

Read more

#TECH 24

How fintech is helping the unbanked

Read more

FRANCE IN FOCUS

Turning up the heat with French firefighters

Read more

THE WORLD THIS WEEK

Champs-Elysées attack: What impact on Sunday's French election? (part 1)

Read more

THE WORLD THIS WEEK

After Brexit and Trump: World waits on French presidential election (part 2)

Read more

REPORTERS

Battle to stop nuclear waste being buried in a French village

Read more

THE CAMPAIGN BEAT

After Champs-Élysées attack, security takes centre stage in election campaign

Read more

PEOPLE & PROFIT

Brexit: Come what May

Read more

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

COMMENT(S)