Britannia Radio

French President François Hollande (left) and Italian Prime Minister Mario Monti want the ESM to have access to unlimited funds.

Several leading euro-zone countries want to provide the euro bailout fund with the power to obtain unlimited credit from the European Central Bank to prevent the need for a full-fledged Spanish bailout and calm the markets, according to media reports. In Berlin, German politicians still oppose the proposal.

http://www.spiegel.de/international/europe/euro-zone-states-discuss-plan-to-give-esm-unlimited-funding-from-ecb-a-847415.html