WHAT is at stake in tomorrow'svote in the Bundestag, Germany's lower house, on the EuropeanFinancialStabilityFacility (EFSF), a bail-outmechanism for the euro?
Measures being discussed include a further expansion of the the EuropeanFinancialStabilityMechanism designed to increase funds available to countries and banks which run into trouble.
Under the terms of the deal, this supervisory body will oversee the eurozone's banks and use the single currency area's rescue funds, the EuropeanFinancialStability Facility or EuropeanStabilityMechanism, to aid banks directly without adding to governments' debt.
First, countries seeking help should make a formal request to the temporary EuropeanFinancialStability Facility or the (planned) permanent EuropeanStabilityMechanism.