Assistance to Greece by the German cabinet bill.

3 <P> German cabinet approved a stable European Monetary Union Act, designed to provide 22.4 billion euros to the Greek emergency financial assistance. .</ P> <P> assistance under this Act, the German Greece this year will be 8.4 billion euros of financial assistance, but the bill needed the approval of the German parliament. .It is reported that the relevant approval procedures will be completed this month 7th. .</ P> <P> German Chancellor Angela Merkel said on that day, the face of the Greek crisis, the eurozone countries must take resolute measures. .Current financial aid operations have far-reaching political and economic implications. .Stable European Monetary Union Act is based on the Greek of an emergency situation, can not obtain loans from financial markets, thus affecting the stability of the euro. .And a stable European currency is an extremely valuable asset. .</ P> <P> Merkel pointed to the need to draw lessons from the current crisis, of which there are two points worth considering, first, to adjust the financial market speculation still can not stop; the second is the implementation of EU's "stability and growth pact" can not .relaxation, must be strictly adhered to. .In addition, the German concern about establishing a European credit rating agencies to make the European financial markets more tolerance and response capabilities. .</ P> <P> by the Alliance Party and the Liberal Democratic Party in the coalition government assistance to Greece through the bill, the main opposition parties have a position. .Germany's largest opposition party Social Democratic primary 席加布里尔 said the federal government must implement in 2010 a wide range of financial market correction, the party would agree to stabilize the European Monetary Union Act. .Ba Chi Left Party secretary general, said: "Because of the Greek banking sector did not participate in assistance operations, the current left-wing party does not agree with the bill." Greens require a complete overhaul of the Federal Parliament passed the resolution on the euro. .</ P> <P> 2 according to the Greek government and the European Union and the International Monetary Fund rescue package agreed, in the next three years, Greece will receive a total of 110 billion euros loan, which the International Monetary Fund take 30 billion euros, the euro zone .take 80 billion euros. .Germany will share the 80 billion euros for 28% of the total, up to 224 million euros. .</ P>.