Inside these posts: Soverign debt crisis

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Germany signs on to EU capitalization plan

European Union paymaster Germany said on Tuesday that  it would support giving the European Central Bank more capital to help fight a sovereign debt crisis that continues to shake the euro zone.

ECB sources told Reuters the bank’s governing council would consider at a meeting on Wednesday and Thursday whether to seek a capital increase from euro zone members to cover the risk of losses on government bonds it has bought to support the 16-nation single currency area. Get the full story »