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Schaeuble wants to allow euro zone peers to tap ESM for investments – Bild

Schaeuble wants to allow euro zone peers to tap ESM for investments - Bild

German Finance Minister Wolfgang Schaeuble is working on a proposal that would allow southern euro zone countries to tap into the single currency bloc's bailout fund to boost investments during recessions, a newspaper said on Wednesday. If the unsourced report in the mass-selling German daily Bild is confirmed, the plan would mark a major change of policy for Schaeuble who had until recently always opposed transfers from richer euro zone countries to poorer members like Greece. The Finance Ministry was not immediately available to comment on the report.


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