The German government opposes combining the euro-zone's interim bailout fund, the 440 billion euro ($593.1 billion) European Financial Stability Facility, and the permanent 500 billion euro European Stability Mechanism, news reports said Wednesday.
An unnamed German official told reporters in Berlin that it has already been decided that the ESM will take over from the EFSF at an appointed time, Bloomberg reported.
German Chancellor Angela Merkel and French President Nicolas Sarkozy on Monday said they would urge fellow European leaders to agree to bring forward the launch of the ESM by one year to 2012.
The Financial Times on Tuesday reported that European officials were negotiating a plan that would see the ESM run alongside the EFSF in mid-2012.作者: not4weak 时间: 2011-12-7 20:44
