Germany’s Budget Doesn’t Include ESM, Sueddeutsche Zeitung Says

Germany’s Finance Minister Wolfgang Schaeuble might be forced to submit a supplementary budget for 2012 if the European Stability Mechanism is activated next year, Sueddeutsche Zeitung reported, citing Carsten Schneider, the Social Democratic Party’s spokesman in parliament.

Schneider said that if the ESM is activated, Schaeuble will be missing about 4.3 billion euros ($5.7 billion), according to the budget that was approved last week, the newspaper said.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at

To contact the editor responsible for this story: Kenneth Wong at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.