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RESCUE Euro Bailout Pumped to $1.4T Michael Gottschalk / AP Photos

Euro Bailout Pumped to $1.4T

In the effort to rescue eurozone countries from the ongoing debt crisis, the European Financial Stability Fund will be pumped up from $600 billion to about $1.4 trillion, according to German lawmakers briefed by Chancellor Angela Merkel. Merkel has already given the increase the go-ahead, and the lawmakers will vote on the measure Wednesday. The leader of Merkel’s party in Parliament insists the move won’t inflate Germany’s liability.

October 24, 2011 12:41 PM