Revista de prensa | 25/01/2012

Conflict over euro bailout fund

German Chancellor Angela Merkel on Tuesday reaffirmed her hostile stance to an enlargement of the permanent ESM bailout fund. Italy's Prime Minister Mario Monti and IMF head Christine Lagarde, by contrast, stress that the fund needs more than 500 billion euros. Crisis-stricken countries with workable austerity policies won't need so much money, some commentators write, while others believe only a massive cash injection can revive trust in the euro bailout.