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Germany: Finance Minister’s Eurozone Plan Will Certainly Have Strings Attached

Aug 23, 2017 | 19:49 GMT

(Stratfor)

German Finance Minister Wolfgang Schaueble wants to let Southern European countries borrow from the eurozone bailout fund to strengthen the European Union. In an interview on Aug. 23, Schaueble said he is working on a proposal to let eurozone members borrow from the bloc's permanent bailout fund, the European Stability Mechanism (ESM), to boost investment during recessions. But in exchange for access to ESM money, eurozone countries would have to give the mechanism more say over their domestic finances -- which most will be reluctant to do....

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