The Bundestag must soon vote on the European Stability Mechanism, the EU's permanent bail-out fund.
They decided, among other things, to allow the new permanent bail-out fund to recapitalise banks in ailing economies directly rather than via their governments.
In May the Bundestag will vote on both the euro zone's fiscal compact and the European Stability Mechanism (ESM), a permanent bail-out fund.
He wants the 65,000 members of his Free Democratic Party FDPpartpart of Angela Merkel's coalition, to vote on whether to endorse the European Stability Mechanism (ESM), a permanent bail-out fund due to begin operating in 2013.
But the channels of contagion have narrowed, thanks to a partial banking union, a permanent bail-out fund and a restructuring of Greek debt, most of which is now in official hands.
But the bond market's nerves have been shredded again by the likelihood that from 2013, when a permanent bail-out mechanism is due to be in place, it will be easier to restructure an insolvent country's debts.
And there are suggestions, born of desperation, for how Europe should respond: with common bonds, a banking union and the direct injection of funds into shaky banks from its permanent bail-out fund.
If all goes according to plan, the Bundestag will hold at least three more euro-related votes: on a second rescue of Greece, assuming it does not default; on the European Stability Mechanism, the permanent bail-out fund; and on a new treaty to enforce European fiscal discipline.
The two main issues it raised in Brussels at the time of the first Greek rescue plan debt restructuring as a prerequisite for future bail-outs and a tougher implementation of the rules governing public finances have both been addressed by the European Stability Mechanism (ESM), the permanent bail-out fund that should replace the EFSF in 2013.
And only countries that do so will have access to the European Stability Mechanism (ESM), the euro zone's permanent bail-out fund.In this section Fiddling while Athens burns Rebuffed on the Rhine The waterproof Mr Hollande North and south The ayes have it?
Germany's Dax 30 rose by 18% and even Greece's main index was up by 7%; last year half its value was wiped out.In this section Politics this week Business this week KAL's cartoon ReprintsFinance ministers in the euro zone agreed to raise the combined ceiling of the currency block's temporary and permanent bail-out facilities to €700 billion ($930 billion).
