Bloomberg News

Bundesbank Doesn’t See IMF Aid Requirements Fulfilled, Welt Says

December 20, 2011

Dec. 20 (Bloomberg) -- Germany’s Bundesbank doesn’t think the conditions for providing aid to the International Monetary Fund have been fulfilled until the Bundestag, Germany’s lower house, explicitly backs the measure, Die Welt reported, citing unidentified people close to the central bank.

The position of the Bundesbank, which plans to contribute about 45 billion euros to the IMF that will be used to fight the sovereign debt crisis, clashes with the German government, which sees the requirements as fulfilled, the newspaper said. Still, the Bundesbank is “optimistic” that the IMF aid will be carried out, Welt said.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net


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