BERLIN (MNI) – German Economics Minister Rainer Bruederle on
Tuesday said there is currently no need to increase the European
Financial Stability Facility (EFSF).
“So far I don’t see the necessity for that,” Bruederle told
reporters at the sidelines of an energy conference here.
Rather, one needs to “optimize” the EFSF in order to make all of
the E440 billion in the fund actually available for borrowing, the
minister said.
Commenting on the domestic economic outlook, Bruederle reaffirmed
that “the likelihood is high” that German GDP growth will top 2% this
year.
The minister is due to release the government’s new growth
forecasts on Wednesday. In October, the government had predicted 1.8%
growth for 2011.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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