Tuesday, December 20, 2011

Germany to double its 2012 euro rescue fund payment: report

Germany will pay 8.6 billion euros ($11 billion) to the eurozone's new bailout fund next year, twice as much as expected, a German newspaper reported on Tuesday.

Originally the plan was for 4.3 billion euros to be paid in 2013, "but at the moment it's expected that Germany will have to pay around 8.6 billion euros" next year, the daily Die Welt reported citing an unidentified government source.


AFP