Wednesday, May 9, 2012

German government urges early vote on ESM, fiscal pact: Merkel spokesman - @Reuters

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German govt urges early vote on ESM, fiscal pact

BERLIN, May 9 (Reuters) - The German government is urging both houses of parliament to vote on the permanent euro zone bail-out fund and new rules on budget discipline before the summer recess, Chancellor Angela Merkel's spokesman said on Wednesday. Earlier on Wednesday a source in the ruling centre-right coalition told Reuters lawmakers will not vote until at least mid-June on the European Stability Mechanism (ESM) and the so-called fiscal compact, casting doubt over the fund's planned start date of July 1. Steffen Seibert said during a regular government press conference that parliament set its schedules independently, but the government encouraged lawmakers to vote before the recess. (Reporting by Alexandra Hudson; Editing by Noah Barkin) 2012-05-09 13:52:37


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