Bloomberg News

German Minister Schaeuble Declines to Rule Out EFSF Leveraging

September 29, 2011

Sept. 29 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble declined to rule out using financial leveraging to increase the capacity of the European rescue fund.

“What the future brings no one can say,” Schaeuble said on German radio today, when asked about leveraging the fund. Any expansion would have to be approved by the Bundestag, and without its backing “nothing at all” will happen, he said.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net


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