BREAKING NEWS

Germany rejects EU draft conclusions on ESM, debt

BRUSSELS - Germany rejected some measures in draft conclusions from a summit of EU heads on Thursday, including giving the European Stability Mechanism (ESM) a banking license and issuing common euro zone debt, a senior German source said.
The conclusions seen by Reuters earlier said the permanent ESM rescue fund would get a banking license and run alongside the EFSF, bolstering its ability to tackle the euro zone debt crisis."We are rejecting this in negotiations," the source said, speaking on condition of anonymity.
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