S.Africa's Gordhan hopes Europe will raise bail-out fund

PRETORIA  - South Africa hopes Europe will increase its bail-out fund and reassure global markets about resolving its deepening debt crisis that has led to a "most unwelcome" uncertainty, Finance Minister Pravin Gordhan said on Wednesday.
"We can only hope that by the time the (December meetings) are concluded, that we do have a sizeable fund, that individual European governments have taken the steps to move around the correct fiscal (trajectory) and that reassurances will be given to the market," Gordhan said at a media briefing.