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The Bundestag is due to vote on the treaty establishing the permanent bailout fund (ESM) at 5pm Berlin time (Photo: consilium.europa.eu)

Merkel under pressure over summit deal

German Chancellor Angela Merkel's decision to help Italy and Spain by easing up the rules on the use of the bailout funds is already having a direct political fallout at home.

The opposition Social Democrats have called a special meeting of the Bundestag's budget committee to discuss the late night deal in Brussels to allow the bailout fund to directly fund banks and eventually buy up government debt.

Carsten Schneider, head of the budget committee, said the Chancellor needed to e...

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The Bundestag is due to vote on the treaty establishing the permanent bailout fund (ESM) at 5pm Berlin time (Photo: consilium.europa.eu)

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