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The regulators, he added, "should put up a temporary fund and deal with the accounting later.
The German finance minister, Wolfgang Schäuble, said there was no need to change the existing temporary fund.
The new fund will spread the risk more evenly among the participating nations than the temporary fund, which left German taxpayers more exposed.
As expected, the current, temporary fund will be extended to allow it to lend its full 440 billion euros ($608 billion).
The temporary fund will have 248 billion euros ($315 billion) left after Greek, Irish and Portuguese bailouts have been accounted for.
Deploying unused sums from the temporary fund, and not counting its outstanding loans against the new fund would effectively bring total lending power to about 692 billion euros.
Similar(33)
[C4.] Stem Cell Financing Sought California's new stem cell program is exploring temporary fund-raising options because a lawsuit has stopped the issuance of $3 billion in bonds that would finance the research.
Work on the facility stopped in October 2000, when temporary funding ran out.
By agreeing to a temporary funding bill and embracing a bipartisan approach, they called a halt.
The Department of Homeland Security would receive temporary funding, providing a month for the discussions to continue.
But other sources for temporary funding have not been ruled out, including a "sin tax" on public health polluters.
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