Germans pockets are deep

German parliament today passed a bill approving aid for the Euro Bill out plan. The Germans agreed to contribute a hefty 750 billions euro to help make sure the currency survives.

The Bundestag, or German lower house, voted by 319 votes to 73 in favour of Germany’s participation in the bail-out, with 195 abstentions.

Two opposition parties – the Social Democrats and the Greens – abstained, while the Left Party voted against. The upper house then gave its approval.

Mrs Merkel hailed the vote as a clear signal that the German government backed a stable eurozone.