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France, Germany agree to up bailout fund: report *PIC*

France, Germany agree to up bailout fund: report (by Wallace Witkowski)

SAN FRANCISCO (MarketWatch) -- France and Germany have agreed to boost the euro zone's rescue fund to 2 trillion euros, The Guardian reported Tuesday on its online edition, citing European officials. Under part of a comprehensive plan, the European Financial Stability Facility will be increased to 2 trillion euros from 440 billion euros, turning the fund into an insurer rather than a bank, according to the Guardian.