Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Merkel coalition combats dissent on euro zone aid
Published in Saudi Press Agency on 13 - 05 - 2011

German Chancellor Angela Merkel's coalition tried on Friday to control dissent on future euro zone bailouts and extra aid for Greece among government MPs voicing impatience with calls for German assistance, according to Reuters.
With some media saying "more and more members of parliament in the ruling coalition oppose billions more euros in aid" -- as Handelsblatt daily wrote on its front page -- leaders of her centre-right coalition played down the scale of the revolt.
Merkel's spokesman Steffen Seibert described contacts with members of parliament on the euro zone as "intense", telling reporters in Berlin: "Despite what you read in the papers there is a lot of support for government policy in the coalition."
Disquiet is focused on the new, permanent European Stability Mechanism coming into effect in 2013 and on Greece's requirement for additional aid after last year's 110 billion euro package.
The ESM's effective lending capacity of 500 billion euros will be tapped when the stability of the euro zone is at stake.
But bailouts for Greece, Ireland and now Portugal, plus the worry that Greece will have to restructure or get more aid, have hardened public opinion against handouts in Germany, the biggest European economy whose funding and support is decisive.
"Resistance is building against setting up the ESM ... and against additional loans for Greece which euro zone finance ministers will discuss on Monday," wrote Handelsblatt.
Some media estimated as many as 19 MPs from Merkel's conservatives and their Free Democrat (FDP) junior coalition partners may vote against the government on euro zone aid, which would reduce her Bundestag majority to just one vote.
FDP dissenter Frank Schaeffler says 14 colleagues would vote against the ESM. But coalition leaders said he was exaggerating, eurosceptics were isolated and the government would get majority support, as Merkel predicted on Tuesday.
She can also count on votes from euro enthusiasts among the opposition Social Democrats and Greens, though they complain the government is not sharing details of the plan.
NO PLAIN SAILING
"In a vote, usually around five to eight coalition members put their foot down," said a coalition source, adding that even though individuals might dislike aspects of policy, when it came to the crunch "few are willing to vote as they feel".
In a parliamentary test of support on Thursday on Portugal's bailout package, which has broader support than giving Greece a second aid package, six conservative MPs and three from the FDP voted against the government motion, which was easily carried.
The FDP's annual congress in Rostock was due on Saturday to vote on two euro zone motions, one for and one against the ESM. Deputy Foreign Minister Werner Hoyer from the FDP told Reuters in Rostock he was confident the party would back the mechanism at the congress and also when it came to a parliamentary vote.
"We will get a clear vote in favour of the ESM at the party congress," he said. "It won't be plain sailing, we will have to argue very carefully to convince those that are sceptical."
The FDP's new young leadership is keen to allay suspicions it is turning eurosceptic while also insisting on strict terms for bailouts to convince its electorate, many of whom are drawn from business and professional circles.
The pro-Europe motion to be voted on Saturday, which was seen by Reuters a week ago, calls for "strict parliamentary endorsement of every activation of the ESM" and backs Merkel's insistence on private investors sharing the burden of sovereign default risks in the euro zone in future.
Handelsblatt carried a poll of German business leaders that showed 76 percent agreed on the need for the ESM and 68 percent believed private investors should be involved in rescue schemes in the euro zone without exception.


Clic here to read the story from its source.