Kampeter Spurns Using Fund to Help Banks, Boersen-Zeitung Says

German Deputy Finance Minister Steffen Kampeter rejected the suggestion that Europe’s permanent rescue fund be used to bail out struggling banks, Boersen-Zeitung reported, citing an interview.

Germany remains opposed to the idea, according to the report. He also rejected the introduction of new debt-financed growth plans and calls for Germany to sacrifice higher inflation in the interest of easing the debt crisis, Boersen-Zeitung said.

To contact the reporter on this story: Angela Cullen in Frankfurt at acullen8@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net

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.