January 24, 2012 / 12:58 AM / 5 years ago

Germany denies it ready to up euro zone rescue volume

1 Min Read

BERLIN (Reuters) - Germany denied a report on Monday that it was ready to boost the combined firepower of the euro zone's rescue funds to 750 billion euros ($978 billion).

"It is not true. There is no such decision," German Chancellor Angela Merkel's spokesman Steffen Seibert told Reuters, referring to a Financial Times newspaper report earlier that Germany would accept an increase of the rescue schemes in return for its euro zone peers accepting tough budget rules in a new fiscal compact.

Reporting by Andreas Rinke and Noah Barkin, writing by Annika Breidthardt; editing by Rex Merrifield

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