Note: This posting was an April Fools posting and is not real. ///
German Chancellor Angela Merkel held an extensive set of debates with German lawmakers on Saturday on why Germany should provide the United States with a bailout package worth 333 billion euros ($444 billion). Merkel stressed that approving the package would greatly benefit the eurozone as it will go a long way in creating economic stability throughout the world. Helping the United States, she said, was in the best interest of both Europe and the U.S.
Over the last several weeks, Merkel has gone back and forth with U.S. President Barack Obama and several key American lawmakers in closed door talks regarding the bailout. The United States has agreed on new measures to bring its public debt under control and will enter into new trade agreements with Germany.
While this round of bailouts won’t get rid of America’s $15 trillion debt, it will help make the United States more competitive and create long-term economic growth. Angela Merkel’s biggest fear is what might happen if the U.S. defaults on their debt and told the German lawmakers that “there is no alternative to correcting the mistakes the United States has made in the past,” and hopes that other eurozone countries will consider following in Germany’s footsteps.
After the long rounds on discussion on Saturday, it appears that a slight majority of the members of Germany’s lower house of parliament, the Bundestag, will vote to pass the measure. Final voting will take place on Wednesday, April 4th.