Merkel presses US to push through bailout

September 30, 2008 14:38

German Chancellor Angela Merkel has called on the US to pass a financial bailout package this week. Merkel said Tuesday that the quick passage of a rescue package is "the precondition for creating new confidence on the markets - and that is of incredibly great significance." Merkel was speaking after the US House of Representatives' rejection Monday of a $700 billion plan to rescue ailing financial companies burdened with piles of bad mortgage-related debts.

Related Content

Hundreds in eastern India protest against new US embassy in Jerusalem, May 22, 2018
May 22, 2018
Hundreds in eastern India protest against U.S. embassy in Jerusalem