Germany Backs EFSF Expansion With 523 Votes In Favor, 85 Against; EUR Sells On The News

The German "TARP equivalent" EFSF expansion vote has passed with a resounding majority of 523 votes For and 85 Against. Obviously this was largely priced in judging by the rapid sell off in the EURUSd on the news. And now, back to focusing on the structural failure of the Eurozone which no vote can fix.