Rescue Package Approved German Cabinet Agrees on Conditions for Bank Bailouts

Angela Merkel's cabinet on Monday pegged strict conditions to the massive €500 billion rescue package for Germany's banking sector, including caps on executive salaries. The government has also criticized the CEO of Deutsche Bank for publicly refusing to sign up for the bailout.
German Chancellor Angela Merkel and Deputy Chancellor and Foreign Minister Frank-Walter Steinmeier before the cabinet meeting Monday.

German Chancellor Angela Merkel and Deputy Chancellor and Foreign Minister Frank-Walter Steinmeier before the cabinet meeting Monday.

Foto: DPA