Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Nigerian music: Afropolitan star Yemi Alade on european tour

Read more

MEDIAWATCH

Media reactions to Boris Nemtsov's murder

Read more

DEBATE

The Murder of Boris Nemtsov: Who Killed Charismatic Opposition Figure? (part two)

Read more

DEBATE

The Murder of Boris Nemtsov: Who Killed Charismatic Opposition Figure?

Read more

TALKING EUROPE

Dealing with returning jihadists: Is de-radicalisation possible?

Read more

ENCORE!

Noel Gallagher, Bryce Dessner and ‘David Bowie is’ in Paris

Read more

THE INTERVIEW

'Agent Storm': How a militant Islamist became a CIA spy

Read more

FOCUS

China: New reform set to benefit migrants

Read more

THE OBSERVERS

Caged children in Syria and dumpster diving in Ivory Coast

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)