Merkel Puts Rescue Fund to Vote Before EU Crisis Summit
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German lawmakers are set to back a planned increase in the European rescue fund’s capacity, strengthening Chancellor Angela Merkel’s hand before a Brussels summit that aims to quell the euro-area debt crisis.
With contagion threatening Italy, European leaders are also tightening the screws on Prime Minister Silvio Berlusconi to bring concrete reforms to today’s summit as part of a package of measures needed to stem the risk posed to the global economy.