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Germany sees no need to boost ESM post Greece deal

From reuters.com

Germany sees no need to increase the size of Europe's future bailout fund, the European Stability Mechanism, following an agreement on a new aid programme for Greece, a government spokesman said on Wednesday. "The German government's position has not changed -- that means no, it is not necessary (to increase the size of the ESM beyond 500 billion euros)," spokesman Steffen Seibert said at a regular news conference. "What was agreed with partners was that in March there would be an examination of the size," he said, referring to a December accord, adding that conditions on the bond markets of euro zone periphery ... (full story)

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