Source Pravda.Ru

German Government Approves $1 Trillion Emergency Package to Stabilize Euro Economy

The German government says it has approved the country's contribution to the $1 trillion emergency rescue package to stabilize the euro currency.

A government official said Tuesday that Germany is expected to contribute at least $157 billion to the debt rescue measures, Voice of America informs.

The 16-nation single currency, which surged above $1.30 early on Monday, slipped below $1.27 as traders weighed debt worries and a perceived blow to the European Central Bank's independence in its weekend policy reversal to start buying euro zone government bonds.

The emergency plan -- the biggest since G20 leaders threw money at the global economy following the collapse of Lehman Brothers in 2008 -- wowed markets with its sheer size and sparked a spectacular rally in world stocks and the euro, Reuters reports.

Certainly readers already know that the Prosecutor's Office of Nanterre has ordered that Marine Le Pen, secretary of the Rassemblement National (former FN) and parliamentary to the Assembly, be submitted to psychiatric examination.

This is a liberation fight from the Soviet EU
Comments
Russian officials celebrate 60th anti-Russian sanction
Ukraine's Poroshenko: Russia's Third Rome to fall soon
Sexual abstinence more harmful to women
USA punishes China for purchasing arms from Russia
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
On the collapse of civility in Western nations: living in the era of 'not nice'
On the collapse of civility in Western nations: living in the era of 'not nice'
Roscosmos contractor steals millions, state secrets and flees to USA
Roscosmos contractor steals millions, state secrets and flees to USA
Russia to ship S-300 to Syria after Il-20 shootdown
How many aircraft and pilots Russia has lost in Syria so far
Russia to ship S-300 to Syria after Il-20 shootdown
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
Russia to ship S-300 to Syria after Il-20 shootdown
Gaddafi's predictions come true as Americans gang rape the world
A glimpse into the past and the future