Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#CecilTheLion : Hunter Becomes The Hunted

Read more

THE WORLD THIS WEEK

Erdogan’s gamble: Turkey launches offensives on PKK and Islamic State Group (part 2)

Read more

THE WORLD THIS WEEK

Europe’s shame: Calais migrant crisis deepens (part 1)

Read more

FRANCE IN FOCUS

The River Seine, the lifeblood of the French capital

Read more

FOCUS

Remote learning brings hope to Brazil’s rural poor

Read more

ENCORE!

'The Little Prince', from the book to the screen

Read more

IN THE PAPERS

Indian execution like a 'Hollywood courtroom drama'

Read more

IN THE PAPERS

A new player in Syria's war

Read more

FOCUS

Bangladesh: Secular bloggers live in fear after spate of killings

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)