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Simmering Euro Crisis Berlin Eyeing Early Launch of Permanent Bailout Mechanism

The German government is considering bringing forward the launch of the planned permanent bailout fund, the European Stability Mechanism, to 2012 from 2013, SPIEGEL has learned. Meanwhile Chancellor Angela Merkel, facing a crucial parliamentary vote on Thursday on the temporary rescue fund, has warned that a Greek default would "destroy the confidence of investors."
Chancellor Angela Merkel spoke to talk show host Günther Jauch about the euro crisis.

Chancellor Angela Merkel spoke to talk show host Günther Jauch about the euro crisis.

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-- SPIEGEL with wires