Europe

Eurozone Officials Considering Opening European Stability Mechanism to Private Investment

Who wouldn't want to put money into a bailout fund for bankrupt countries worth hundreds of billions of euros?

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BERLIN (AP) — Germany says eurozone officials are discussing the possibility of boosting the firepower of their new, permanent €500 billion ($650 billion) rescue fund by involving private investors.

Finance Ministry spokesman Martin Kotthaus said Monday that "the discussion in Brussels is not concluded" on the issue and it's not possible to say by how much a so-called leveraging of the fund, the European Stability Mechanism, might increase its power.