No decision on boosting EFSF efficiency: Germany

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In Response To: No deal to boost Europe bailout fund: report (!?!) ()

No decision on boosting EFSF efficiency: Germany (by William L. Watts)

FRANKFURT (MarketWatch) -- A German Finance Ministry spokesman on Wednesday said there has been no decision on how to make the European Financial Stability Facility, the euro zone's 440 billion euro bailout fund, more efficient. A report in Britain's Guardian newspaper late Tuesday said Germany and France had reached agreement on a plan to boost the firepower of the fund to 2 trillion euros. The Financial Times Deutschland on Wednesday reported that German Finance Minister Wolfgang Schaeuble had told lawmakers that leveraging the facility to provide around 1 trillion euros in firepower was a possibility.

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