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

March 22 (Bloomberg) -- 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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