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Germany backs enhanced bailout fund

Reuters
7:15 AM, E.T. | September 29, 2011
Economy, International
Tags: Euro, euro zone, Germany
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Germany's parliament approved new powers for the euro zone's crisis fund on Thursday with a large majority.

In the vote, that was the biggest test of Chancellor Angela Merkel's leadership since she took power six years ago, 523 lawmakers backed more powers for the fund, 85 voted against it and 3 abstained.

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