German parliament has approved an expanded bailout plan aimed at ensuring economic stability for Europe. Countries under the euro are affected by debt crisis, and the bailout’s intention is to address that. The announcement has already made some progress, boosting European stocks with gains on Wall Street to be expected.
The economic downturn has been difficult in Europe, with so many countries using the Euro as their primary currency. Greece is currently facing an economic crisis, and is negotiating for a second bailout. Opinions are divided in Europe whether to commit more money to Greece, or allow them to default.
