Germany OK's Eurozone Rescue Deal Lawmakers say yes to $1 trillion bailout By Newser Editors and Wire Services Posted May 21, 2010 9:07 AM CDT 5 comments Comments German Chancellor Angela Merkel raises her hand after the final parliament debate of an euro750 billion (US $ 1 trillion) eurozone rescue package in Berlin, Friday, May 21, 2010. (AP Photo/Markus Schreiber) (Newser) – The German parliament has approved the country's share of the huge euro-zone rescue package. Europe's biggest economy will contribute between $154 billion and $185 billion in loan guarantees. Without Germany on board, the nearly $1 trillion plan could have failed and kept the euro on its relative freefall. The move is another step in trying to ease the financial turmoil roiling markets around the world.