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Merkel seen as big loser in eurozone showdown over rescue fund

German Chancellor Angela Merkel and other delegates cast their ballots during the vote for ratification of the European Union fiscal pact in the Reichstag, the seat of the German lower house of parliament the Bundestag, in Berlin June 29, 2012. The lower house of Germany's parliament, the Bundestag, resoundingly approved on Friday the EU's new fiscal compact that sets tough budget rules championed by Chancellor Angela Merkel. REUTERS/Fabian Bimmer

 
A version of this article appeared in the print edition of The Daily Star on July 02, 2012, on page 6.

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