For October, that's interpretation, for March, it's explicit. (And before Merkel and Sarko brought that proposal in, there was no one proposing it for any time including after the ESFS, either.)

Either way, there is no contradiction between the Schäuble proposal and either the Deauville Declaration or Merkel's March 2011 promise that I can see, and all of them seem motivated by appeasing the don't-spend-our-precious-tax-euros members of the own camp.

_{*Lunatic*, n.
One whose delusions are out of fashion.}