Germany is against yesterday's bazooka float of 2 rescue funds (and one with access to ECB...

|By:, SA News Editor

Germany is against yesterday's bazooka float of 2 rescue funds (and one with access to ECB lending), according to a senior government official. Playing down expectations, he says he's not optimistic about a grand solution emerging from this week's summit. "Several actors have not understood the seriousness of the situation."