World | Germany 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 Copied 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) 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. Read These Next The Amazon-USPS partnership could soon be coming to a close. Suspect arrested in Jan. 6 pipe bomb case. Don't plan an overnighter to Grand Canyon's South Rim now. Gene Simmons says Congress has to fix the radio business model. Report an error