German Chancellor Angela Merkel's Cabinet on Wednesday approved a plan to beef up the Euro zone's rescue fund, the first step toward its passage in Europe's biggest economy.
In an interview to CNBC-TV18, Bruno Verstrate, chief executive officer of Nautilus Investment said, it was clear from the beginning that the European Financial Stability Facility (EFSF) needed more capital in order to fight off the debt crisis in the bigger countries. However, according to him, because of the increase, a lot of political influence has been added as well.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
