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National Council pro "Euro security shield"

Published: May 19, 2010; 00:00 · (Vindobona)

Social Democrats SPÖ, People Party ÖVP and Green Party members Van der Bellen and Moser vote pro coalition while the freedom party rejects the referendum.

National Council pro "Euro security shield" / Picture: © European Commission

With the votes of SPÖ, ÖVP und the Green Party the state liability limit for banks was reduced by 15 billion euros which will be used for the „protective shield“.

The “protective shield” is introduced to aid struggling Euro countries with a budget of €750b covered by EU and the IMF.

Proposals declined

Several proposals by the opposition were declined…

This article includes a total of 416 words.

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