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Germany ‘won’t give more to EU bail-out fund’

German Finance Minister Wolfgang Schaeuble ruled out Germany contributing any more money to the beefed-up EU bail-out fund than the 211 billion euros approved by parliament, in an interview published Saturday. “The European Financial Stability Facility has a ceiling of 440 billion euros ($590 billion), 211 billion of which is…

Eurozone crisis over in ‘two to three years’

The head of the European Financial Stability Facility (EFSF), Klaus Regling, believes the eurozone will overcome its current debt crisis by 2014. “One can justifiably expect the crisis to be over within two to three years,” he told the magazine Spiegel out Sunday. “In all eurozone countries the fundamentals are…

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