The World from Berlin 'Even a 1-Trillion Euro Firewall Wouldn't Be Enough'

European finance ministers meeting in Copenhagen on Friday agreed to boost the euro-zone firewall to over 800 billion euros. The move marks another U-turn on the part of the Merkel administration, which recently dropped its opposition to increasing the fund. German commentators warn that even the new firewall may still be too small.
Danish Finance Minister Margrethe Vestager gets a grilling by reporters at an EU finance ministers' meeting in Copenhagen on Friday.

Danish Finance Minister Margrethe Vestager gets a grilling by reporters at an EU finance ministers' meeting in Copenhagen on Friday.

Foto: Joachim Adrian/ AP
-- David Gordon Smith