The US owners of Senvion are dropping plans for what would have been Europe’s biggest initial public offering this year, as their German wind-turbine-maker faces market turmoil.

GERMANY kept alive hopes that the euro can survive the sprawling debt crisis when lawmakers voted overwhelmingly in favour of expanding the powers of the eurozone’s bailout fund.

German lawmakers today backed an expansion of the size and powers of the eurozone bailout fund, in a major step toward tackling the bloc’s sovereign debt crisis.