Germany has backed the idea of an EU bailout fund, but ruled out "debt union", in a minimalist version of French plans.
The EU should create a European Monetary Fund (EMF), a new institution, to grant loans to debt-struck member states, German chancellor Angela Merkel told the Frankfurter Allgemeine Sonntagszeitung (FAZ), a national newspaper, on...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.