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EFSF Expansion to Be Discussed in EU Package, Official Says

Expanding the rescue fund for indebted euro-area nations will be discussed as part of an overall European Union package to fight the debt crisis to be unveiled at the end of March, a German government official said.

No decisions on the fund, known as the European Financial Stability Facility, or its post-2013 successor, the European Stability Mechanism, are likely at a summit of EU leaders in Brussels tomorrow, the official said on condition of anonymity because the discussions are not public. EU finance ministers will discuss details of the ESM next week, the official said.