EU Ministers Call for Rescue Fund Boost

Euro zone finance ministers called today for an increase in the effective lending capacity of the union’s rescue fund, but Germany said there was no urgency and it would be March before a firm plan was in place. “There will not be results today, the market developments in the last week have, thank God, taken any urgency out of these discussions,” [German finance minister Wolfgang Schaeuble] told reporters. – IrishTimes

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