The approval by the German parliament and other European parliaments of the rescue fund for European countries boosted certainty for the world economy, Mexican Finance Minister Jose Antonio Meade said here Friday.
The Bundestag, lower house of the German parliament, Thursday approved the upgrade of the European Financial Stability Facility (EFSF).
Germany was the 11th country to approve the EFSF upgrade. Earlier this week, Austria, Finland and Slovenia also gave the greenlight.
"So far, as this plan can be activated, we will continue to have more certain, stable elements in the world economy," Meade said.
The upgraded EFSF mechanism, agreed by European leaders at a July summit, has earned more flexibility on operation, including being allowed to buy sovereign bonds of heavily indebted eurozone nations on the secondary market and to loan money to countries facing risks of debt crisis as a precautionary measure.