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.

Ukraine is Washington's latest imperial trophy, a Nazi-infested US vassal state, illegitimately installed by Obama's coup d'etat against democratic governance.

Kiev Aggression on Donbass Imminent

Ukraine is Washington's latest imperial trophy, a Nazi-infested US vassal state, illegitimately installed by Obama's coup d'etat against democratic governance.

Kiev Aggression on Donbass Imminent

On Tuesday, Time magazine announced its Person of the Year Award, honoring what it called "Guardians...who have taken great risks in pursuit of greater truths"

Time's Person of the Year Hypocrisy