Germany to deliver EU package soon

24 Jan, 2011

Germany's conservative coalition government wants to deliver a comprehensive package soon to strengthen the European rescue fund, the country's Finance Minister Wolfgang Schaeuble was quoted as saying on Sunday. "We (the coalition) agree that we want to tie together a complete package in the next weeks," the Sunday edition of Tagesspiegel newspaper quoted Schaeuble as saying.
"We have to avoid that people have the feeling we are stumbling from one crisis to the next," he added. Such a package would include measures to strengthen the bloc's Stability and Growth pact and steps to improve co-ordination of European economic policy, Schaeuble said.
"And of course it also includes designing the rescue fund so that the EU share of 440 billion euros is actually available on demand," Schaeuble said.

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