Thursday, April 18, 2013

Cyprus rescue passes Bundestag

As expected the Cyprus rescue passed the Bundestag, with a broad majority. Also, as expected, Merkels coalition did not reach the "Kanzlermehrheit" (chancellor majority). Quite surprising is that German quality journalism(TM) failed to mention the last part. Spiegel, taz and FAZ didn't inform their readers about that. Only Sueddeutscche stood out. Since, only 602 members of Bundestag (620 total) cast a ballot, Merkels coalition would have had a majority with 303 yes votes (311 needed for chancellor majority, obviously). After some whining, the opposition with the exception of the left wing Die Linke voted for the package (487 total).

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