Eurozone finance ministers could potentially raise the combined lending power of its bailout funds from €500bn to near €700bn.
A larger bailout fund would enable the 17-nation bloc to bail out even some its larger members, such as Italy and Spain, if necessary but Germany has fiercely opposed such a move. Germany's objections to increasing the size of the bailout funds, in order to protect the eurozone's weaker economies, has isolated Berlin within Europe. However, an additional €200bn in lending power is now on the table, according to an anonymous eurozone official, Reuters reports. Finance ministers and central bankers are set to discuss the size of their bailout funds, the temporary European Financial S...
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