Germany may relax its opposition to expanding euro rescue fund

By @ibtimes on

The Handelsblatt newspaper said today Germany may change its opinion with regard expanding the 750 billion- euros lifeline before the coming summit next month.

Angela Merkel said at the end of last year that it does not agree to expand the 750 billion-euros package and debt-plagued economies should rely on themselves in solving their own fiscal problems.

Speculations are increasing that France and Germany will put pressure on Portugal to accept a bailout from the EU and IMF due to the inability of the Portuguese government to raise capital.

Join the Discussion