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Merkel Wins Support From German Lawmakers on Bailout Agreements

German lawmakers from Chancellor Angela Merkel’s coalition indicated that they will back a deal struck by euro-area leaders to snuff out the debt crisis, freeing her to focus on campaigning for six state elections.

Senior coalition lawmakers said that the weekend agreement on a pact to bolster competitiveness, which commits euro nations to follow Germany and enact budget rules into law, will probably overcome resistance to other aspects of the crisis package. That raises the likelihood the measures to be ratified at a March 24-25 European Union summit will pass the German parliament.