Arab Today, arab today eurozone seeks to quadruple rescue fund firepower
Last Updated : GMT 15:33:42
Arab Today, arab today
Arab Today, arab today

Eurozone seeks to quadruple rescue fund firepower

Arab Today, arab today

Arab Today, arab today Eurozone seeks to quadruple rescue fund firepower

Frankfurt - DW

The eurozone is looking to increase its permanent rescue fund to about 2 trillion euros ($2.58 trillion), according to German media reports. European ministers want to use private capital to reach the formidable target. The member states of the single currency are making preparations to allow the European Stability Mechanism (ESM) to leverage its capital in the same way as its European Financial Stability Facility (EFSF) predecessor, German newsmagazine \"Spiegel\" wrote Monday. Spiegel said eurozone finance ministers had reiterated at their meeting in Cyprus earlier this month that the ESM should be allowed to use this method to increase the rescue fund\'s planned lending power of 500 billion euros ($647 billion) to about 2 trillion euros with the help of private investors. While German Finance Minister Wolfgang Schäuble was supporting the plan, Finland had voiced their opposition to it, Spiegel wrote. Germany\'s liability under the ESM would remain capped at 190 billion euros, the news magazine added. German opposition parties on Monday demanded that the leverage mechanism should be subject to a new vote in parliament, as it would pose higher risks for the German taxpayer. In a ruling earlier this month, Germany\'s Constitutional Court made consulting the parliament on any changes to the ESM a condition for giving its approval to the rescue fund\'s ratification. The ESM is expected to come into force on October 8, and will succeed the EFSF as the eurozone\'s permanent financial rescue fund. It is intended that the fund will be able to bail out Europe\'s larger economies, such as Spain and Italy, should that become necessary.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone seeks to quadruple rescue fund firepower Arab Today, arab today eurozone seeks to quadruple rescue fund firepower

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone seeks to quadruple rescue fund firepower Arab Today, arab today eurozone seeks to quadruple rescue fund firepower

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday