Germany's Green Light For Bigger EFSF Gives Market Short-Lived Tonic.

The article focuses on the effect of the ratification of European Financial Stability Facility (EFSF) by German Chancellor Angela Merkel. The ratified EFSF aims to expand the European bailout fund from Germany and is believed to encourage investors in the global market. The German parliament also approved the expansion of the European Financial Stability Facility with the aim of keeping the Greece from affecting other sovereign nations and banks with its debt crisis.