German cabinet approves euro crisis fund: source

11th May 2010, Comments 0 comments

Germany's cabinet Tuesday approved its part of a trillion-dollar rescue package of loan guarantees for crisis-hit euro countries, backed by the International Monetary Fund, a government source said.

"Yes, it is agreed," a source told AFP, as the cabinet met to debate the fund, for which Berlin is expected to provide at least 123 billion euros (157 billion dollars).

© 2010 AFP

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