Bloomberg News

Dutch Premier Rutte Says Stocking ESM With $640 Billion ‘Enough’

January 07, 2012

Jan. 6 (Bloomberg) -- Dutch Prime Minister Mark Rutte said that the plan to stock Europe’s permanent rescue fund with 500 billion euros ($640 billion) is “enough.”

Rutte, speaking to reporters in the Bavarian town of Wildbad Kreuth today, where he attended a meeting of the Christian Social Union, a member of the German governing coalition, said that he backs Germany’s stance on the current volume of the fund, known as the European Stability Mechanism.

He said that he also backs Germany in rejecting joint euro- area bonds.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

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


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