Wednesday, June 15, 2011

From Brussels nothing new for the Greek crisis

A good three hours to advise the euro finance ministers about the financial crisis in Greece. But the debate had little concrete to be heard: In a written statement has been omitted. The round will be continued next week - but then not in Brussels but in Luxembourg.


Andreas Reuter, HR radio correspondent Brussels


seem, at least at one point, the finance ministers to be ever agreed: "We have no decision to make, so that expectations can not be wrong," said Finance Minister Wolfgang Schäuble, and Jean-Claude Juncker, head of the euro group, said: "We Today, all colleagues will bring the same level of information and try out different options so we come next Tuesday in Luxembourg to end as close as possible. " Also, the Finnish Finance Minister Jyrki Katainen should probably all agree: "Whatever is needed to achieve this: We must avoid the next financial crisis."


Yusuf Gökmen

Private sector should be involved


As bad as it is so. But there are already models for the rescue: ". We are committed to finding a solution in which a private sector participation is possible but I do not know how to do that," known by the Finnish Minister of Finance. For if indeed will just not stand again, only the taxpayers of Europe, but also private investors - for example, by the terms be extended from government bonds - then threatening danger: namely downgrade the rating agencies Greece again: from now CCC to D - that a sense of 5 - to 6 in the subject creditworthiness.

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