The Four'th Reich - Bundestag - approves Greek aid
package - The results are in -- and the German parliament has APPROVED the Greek aid
package.
A total of 584 MPs voted -- 473 voted in favour, and 100 voted
against. Eleven MPs abstained. we mentioned in yesterday's live blog,
the ECB won a case to conceal secret documents about Greek debt issues prior to
its €240bn taxpayer-funded rescue. Internal papers, which detail Greece’s
use of complex financial trades to hide its level of debt, were kept from media
organization Bloomberg amid concerns their publication could heighten Europe’s
financial crisis.
The three judges presiding over the case at the EU General Court in
Luxembourg, in upholding the Bank’s refusal to release the reports, said: “The
ECB must be recognized as enjoying a wide discretion for the purpose of
determining whether the disclosure of the documents relating to the fields
covered by that exception could undermine the public interest.”
Their decision, made on Thursday, has been decried as a sign the European
Central Bank (ECB) is becoming less transparent just as it prepares to expand
its powers.
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