Merkel Relies on Majority as Euro Bailout Goes to German Vote May 20, 2010, 6:30 PM EDT
May 21 (Bloomberg) -- German lawmakers are set to back their share of a $1 trillion euro-region bailout in a vote today, allaying market concern that they would balk at approving a second emergency loan package in as many weeks.
The vote in Germany will probably come hours before European finance chiefs meet for the fifth time in five weeks as they struggle to forge a united front to the debt crisis triggered by Greece. Today in Brussels, the officials will discuss proposals to better coordinate national budgets and may address unilateral German limits on government bond trading.