Total breakdown in Germany: Parliament passes bailout that majority oppose

In a sign of complete disconnect and breakdown between politicians and the people they are supposed to represent, the German parliament has just backed the expansion of the European bail-out fund.


523 politicians voted in favor of it, 85 opposed, three abstained.That is 85.6% in favor.

However, a poll released yesterday showed that 75% of Germans opposed any new bailout measures. The WSJ reports: "A poll for national German broadcaster ZDF earlier this month shows three-quarters of Germans are against the expanded European rescue fund that's subject to Thursday's vote."

EWG is the ETF for Germany, FXE the most popular for the Euro.

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