Kampeter Spurns Using Fund to Help Banks, Boersen-Zeitung Says

German Deputy Finance Minister Steffen Kampeter rejected the suggestion that Europe’s permanent rescue fund be used to bail out struggling banks, Boersen-Zeitung reported, citing an interview.

Germany remains opposed to the idea, according to the report. He also rejected the introduction of new debt-financed growth plans and calls for Germany to sacrifice higher inflation in the interest of easing the debt crisis, Boersen-Zeitung said.

To contact the reporter on this story: Angela Cullen in Frankfurt at acullen8@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net