Germany denied the rumors to increase the fund to rescue the euro zone

The increase in the European Stabilization Mechanism (ESM) in a 4-fold - from 500 million to $ 2 trillion. euro - not really. Thus, the publication in Der Spiegel in Germany have reacted that negotiations on this issue are underway, and the state itself is supposedly already acted to increase ESM.

According to the press service of the Ministry of Finance, the interested parties could really discuss additional injections into the fund, but talk about specific numbers incorrectly. In addition, as added to the ministry, in theory in Germany approved the idea of a potential increase in ESM.


In October 2012 ESM should start after completion of the ratification of the ESM Germany and Estonia (already did the rest). 12.09.12 towards a ESM last obstacle was removed - the Constitutional Court of Germany allowed the country to take part in saving the euro zone.

ESM - is a permanent fund designed to help needy countries, will replace the temporary EFSF, European Financial Stability Facility. It is expected that, if necessary, it can quickly help even the economies of countries such as Italy or Spain.