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German politicians concerned about bigger role for ESM

From reuters.com

Politicians in Germany's ruling centre-right coalition have expressed renewed concerns about an increased role for the euro zone's permanent bailout fund, which is at the centre of a court case after the German parliament approved it in basic form. German Foreign Minister Guido Westerwelle told Germany's weekly Focus magazine he was opposed both to broadening the European Stability Mechanism (ESM), the euro zone's permanent bailout mechanism, and to stepping up purchases of European sovereign bonds. "I can't imagine the Bundestag lower house of parliament would give a majority to a policy of unlimited joint ... (full story)

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