25 February 2012

EUROZONE / GERMANY : Surprise! Dutch and Finns Pressure Berlin To Increase Firewall Fund.


      German FinMin Wolfgang Schauble (foto) may succumb to new pressures to enlarge the Eurozone's bailout firewall...because Germany's chief bailout skeptic allies...the Dutch and the Finns...are now lobbying for an increase.
    German media report that Berlin is considering compromises to enlarge the ESM in July to E759bn...or perhaps up to E2 trillion.
    But Spiegel reports that Chancellor Merkel faces a 'tough' vote next week over the 2nd Greek bailout package...and is loath to commit before then.
    New polling reveals that 62% of Germans oppose renewed aid for Greece.