Schaeuble May Re-Open Budget Mid-2012 for ESM Costs, Bild Says

German Finance Minister Wolfgang Schaeuble may amend next year’s budget by July to accommodate costs of at least 4.3 billion euros ($5.6 billion) for bringing forward the European Stability Mechanism, Bild-Zeitung reported.

The ministry plans to present the draft supplement by mid- year, when the government will have a better overview of budgetary developments, the newspaper reported, citing Christian Democrat lawmaker Norbert Brackmann.

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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