German Parliament’s Upper House Approves ESM and Fiscal Pact

Germany’s upper house of parliament, the Bundesrat, approved the future euro region financial backstop, the European Stability Mechanism, and the fiscal pact aimed at imposing budget discipline on European Union states. The vote today in Berlin came after the lower house of parliament, the Bundestag, approved the measures earlier today.

To contact the reporter on this story: Patrick Donahue in Berlin at pdonahue1@bloomberg.net

To contact the editor responsible for this story: Leon Mangasarian at lmangasarian@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.