Parliament Approves ESM and Fiscal Pact Merkel Secures Vote for Euro Treaties

As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel. However, the treaties still face a review by the country's highest court before they can be ratified.
German Chancellor Angela Merkel and her finance minister, Wolfgang Schäuble, talk during Friday's crucial parliamentary debate.

German Chancellor Angela Merkel and her finance minister, Wolfgang Schäuble, talk during Friday's crucial parliamentary debate.

Foto: THOMAS PETER/ Reuters
jtw -- with wires