Bloomberg News

Groehe Says EU Summit Outcome ‘Good Foundation’ for Oct. 26

October 24, 2011

Oct. 24 (Bloomberg) -- German Christian Democratic Union general secretary Hermann Groehe said the outcome of a euro region leaders’ meeting yesterday is a “good foundation” for a second summit on Oct. 26.

The second gathering this week may serve to finalize an enhancement of the European Financial Stability Facility that increases the EFSF’s firepower without exceeding Germany’s guarantee limit of 211 billion euros, he said.

He was speaking to reporters in Berlin.

To contact the editor responsible for this story: Rainer Buergin at rbuergin1@bloomberg.net


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