Fri, 06 Jan 2012 08:40:57 GMT
Knut names Germany as main hurdle to bailout fund
Germany has to support more financing to
boost emergency bailout fund and rescue the Euro Zone, said Klaas Knut, the member
of ECB Governing Council. German officials are likely to refuse increasing
financing for the Euro Zone bailouts. Angela Merkel has refused calls to intensify bailout
funding, instead emphasizing the role of budget discipline as a tool for
curtailing debt crisis.