Germany May Seek to Run Euro Rescue Funds in Parallel, Welt Says

Germany may propose letting the euro area’s temporary and permanent financial backstops run alongside each other, Die Welt said, citing euro-region officials it didn’t identify.

Chancellor Angela Merkel’s government is working on a proposal that may call for leveraging with structured financial products the roughly 240 billion euros ($318 billion) remaining in the European Financial Stability Facility, the temporary rescue fund, the Berlin-based newspaper reported. Nothing is decided yet, it said.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

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

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