Reuters
June 22, 2011
German Chancellor Angela Merkel told lawmakers on Wednesday there were clear limits to involving the private sector in a second aid deal for Greece, saying many European states remain opposed to even voluntary steps to bring banks on board.
In comments to the European affairs committee of the lower house of parliament, Merkel also cautioned that rating agencies were likely to take a negative view of softer options like a debt rollover.
Her comments, a day before a European Union summit in Brussels, appeared aimed at reducing expectations in the Bundestag about the deal that will emerge from the summit and a series of euro zone finance minister meetings on Greece that will follow in the next weeks.
"The voluntary participation of private creditors is supported by only very few in Europe. It is the Netherlands, to a certain extent the Finns and it was a major victory getting the French on board," she said.
More
No comments:
Post a Comment