Bloomberg News

Merkel Says German EFSF Guarantees Stay Capped at EU211 Billion

October 26, 2011

Oct. 26 (Bloomberg) -- German Chancellor Angela Merkel said German guarantees for the euro region’s financial backstop won’t exceed the maximum of 211 billion euros ($293.8 billion) under plans to leverage the facility’s firepower.

She made her comments in a speech in the lower house of parliament in Berlin today.

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


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