Parliament Assumes Powers Over EFSF Payouts (2)

Published: 29.09.2011 12:03

Aivar Sõerd ( Photo: Pärnu Postimees / Scanpix )

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The debate over whether Parliament or the Cabinet should have the final say on bailout contributions under the European Financial Stability Facility has resulted in a new amendment being written into the EFSF accession bill.

Aivar Sõerd (Reform), member of the Financial Affairs Committee, said that the committee will introduce an amendment into the EFSF accession bill stipulating that Parliament will have to vote on each contribution and cannot delegate its decision powers.

Sõerd said that the Social Democrats, IRL and Reform Party had reached a compromise on the matter last night, clearing what was, according to him, the main obstacle in the road to passing the bill.

The second reading of the EFSF accession bill began on September 28.

 

Erkki Sivonen

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Comments (2)

  • avatar

    knut_albers

    29.09.2011 12:42

    Let's wait for the trialblazing decision made by the Bundestag in Germany today and if it would be necessary afterwards to have a vote on this here in Estonia. As we speak, seems they try to 'clarify' if the debt is to be assigned to the ruling parties or to the oppostion there. I'm not sure, if this is a good sign to the markets, but let's wait until the end of the day. To my opinion, a terrible end is better than a horror without end.

  • avatar

    knut_albers

    29.09.2011 13:28

    Now you may go ahead, the bill passed in Germany.