Merkel: Germany open to temporary firewall boost *PIC*

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Merkel: Germany open to temporary firewall boost (by William L. Watts)

FRANKFURT (MarketWatch) -- German Chancellor Angela Merkel on Monday said Germany may be open to boosting the overall size of the euro-zone bailout funds to around 700 billion euros ($930 billion), news reports said. Merkel said she backs allowing the temporary European Financial Stability Facility, which has provided around 200 billion euros in loans to bailout recipients, run alongside the permanent, 500-billion euro European Stability Mechanism, that is set to become operational at midyear, reports said. Germany had previously resisted calls to boost the size of the region's firewall.

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