Germany fails to agree addendum to Greece aid bill

Germany's government and main opposition party have failed to agree on a joint resolution on an aid bill for Greece, party sources said.

Germany fails to agree addendum to Greece aid bill

Germany's government and main opposition party have failed to agree on a joint resolution to be attached to a parliamentary bill approving aid to debt-stricken Greece, party sources said on Thursday.

Germany's opposition Social Democrats (SPD) had linked their support for the aid law to a resolution that committed the government to backing a European financial transaction tax. The SPD may now abstain from supporting the Greek rescue bill.

Chancellor Angela Merkel's government does not need the SPD's support to get the bill through parliament but she would like to get as much backing for the measure as possible given stiff opposition among the public to bailing out Greece.

Germany's lower house of parliament is due to vote on the draft law on Friday. The Bundesrat upper house is expected to approve the bill later that day so it can be signed into law by President Horst Koehler.

Reuters

Last Mod: 07 Mayıs 2010, 09:48
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