Germany heading for isolation over ECB euro rescue role

Germany faced mounting pressure Sunday to let the European Central Bank (ECB) save the euro, as France fretted on reports of IMF contingency bailout planning for a re-modelled Italy.

With bond market vultures circling even gold-plated economies and Italy's La Stampa daily citing IMF officials on a rescue plan worth up to 600 billion euros ($794 billion), another of Germany's closest allies broke ranks, leaving Berlin isolated.

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AFP