German lawmakers voted 523 to 83 on Thursday to widen the extent of the European Financial Stability Facility (EFSF) to become the 11th European nation to concur with the idea of increasing the bailout fund.

This developed as Germany's jobless rate fell down by a bigger margin than what was predicted by economists in September indicating that the country's labor market is enduring the debt crisis in the region.

The adjusted unemployment ratio skidded to 6.9 from seven percent last month, according to a Bloomberg news survey.
Business confidence in the country also fell less than what was forecasted.

The expansion also increased Germany's contribution to 211 billion euro even if Finance Minister Wolfgang Schaeuble was firm in saying that there would be no further releases from Berlin.

The euro went up slightly as the markets responded positively to the news that Chancellor Angela Merkel survived the threat to her leadership.

German political leaders said the vote displayed a clear support for the Euro currency.

A message sent through Twitter by Merkel's spokesman, Steffen Seibert said "It is good that the Bundestag voted for an expanded EFSF by a huge majority since all of Europe and half of the world was watching Germany closely," Bloomberg reported.

Unemployment is at its lowest since Germany's reunification two decades ago after the escalating demand for global exports propelled corporations to accelerate spending and hiring.

The growth momentum has been stalled by the dangers of a new financial crisis and possible recession in the U.S.

"If private firms become guarded in hiring and pouring additional investments, the worse case scenario is stagnation but certainly there will be no rise in unemployment," declared Andreas Scheuerle, an economist based in Frankfurt.

News publications in Germany described the vote as a "fateful day' for the country's leader. In Athens, auditors from the EU, ECB and IMF were meeting with Greek officials to decide on whether to release eight billion euro representing assistance for the beleaguered country.

Eurozone leaders are expected to make a decision on Oct. 13 if the conditions were complied with for the second disbursement to be approved.

It was learned that Greek Prime Minster George Papandreou has already requested for a meeting with French President Nicolas Sarkozy to talk about Greece's poor economy.