Talks to boost rescue fund to €2 trillion


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The Independent Online

The firepower of Europe's new €500bn (£400bn) rescue fund could be bolstered to €2 trillion under plans to leverage up the pot with private investment, German officials said yesterday.

Talks are still ongoing in Brussels on the European Stability Mechanism, which comes into force next month. The news came as figures showed a fifth successive monthly fall in confidence among German firms this month, in signs that the economy is faltering.