FDP’s Schaeffler Against Rescue Fund Bank License, HB Says

Frank Schaeffler, a lawmaker for the German Free Democratic Party, warned against a future permanent European rescue fund with its own banking license, Handelsblatt reported, citing a guest editorial from the politician.

A banking license would be a “door opener” for “high inflation,” Handelsblatt said, citing Schaeffler.

The FDP is part of German Chancellor Angela Merkel’s governing coalition. Schaeffler has been a leading opponent of euro-area rescues.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

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