Germany sees no need to boost ESM post Greece deal

BERLIN | Wed Feb 22, 2012 6:24am EST

BERLIN Feb 22 (Reuters) - Germany sees no need to increase the size of Europe's future bailout fund, the European Stability Mechanism, following an agreement on a new aid programme for Greece, a government spokesman said on Wednesday.

"The German government's position has not changed -- that means no, it is not necessary (to increase the size of the ESM beyond 500 billion euros)," spokesman Steffen Seibert said at a regular news conference.

"What was agreed with partners was that in March there would be an examination of the size," he said, referring to a December accord, adding that conditions on the bond markets of euro zone periphery states had improved since then.

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