Germany ready to guarantee more funds to back Euro

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Source: Marketwatch
Germany will support an increase in Euro Area funds in order to prevent debt turmoil from moving to other region's countries, Berlin officials claimed during weekend. The proposal is to maintain the EUR 440 billion EFSF functioning when the new rescue fund comes into action in the middle of 2012. It would result in total of EUR 940 billion financial firewall. 
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Mon, 26 Mar 2012 11:42:45 GMT

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