Bundesbank to Seek Parliament’s Approval for IMF Loans, DPA Says

Germany’s Bundesbank will seek approval from parliament before authorizing as much as an additional 45 billion euros ($60.2 billion) in loans to the International Monetary Fund to assist the euro area bailout, DPA reported, citing an interview with board member Andreas Dombret.

“It’s important to us as an exception in this specific case that the Bundestag share the responsibility for the additional IMF credit line and confirm to the Bundesbank that we are not in conflict with previous parliamentary decisions on limiting risk,” the news agency cited Dombret as saying today.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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