Bloomberg News

Schaeuble Sees Increased EFSF Firepower, FT Deutschland Says

October 19, 2011

Oct. 19 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that the firepower of the European Financial Stability Facility may be increased to a maximum of 1 trillion euros ($1.38 trillion) through an insurance model, Financial Times Deutschland reported.

Schaeuble briefed lawmakers from Chancellor Angela Merkel’s Christian Democratic-led bloc and their Free Democratic coalition partners, the FTD reported, without saying where it obtained the information.

CDU lawmakers plan to discuss the European bailout fund again on Thursday, the newspaper said. Schaeuble told lawmakers that Germany’s contribution to the EFSF would not change.

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net


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