Permanent EU Bailout Fund Off Limits Until 2013

Europe’s permanent bailout fund, the European Stability Mechanism, may not be brought forward as planned from its targeted start date of 2013, German Finance Minister Wolfgang Schaeuble said today in a speech in Leipzig, Germany.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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