segunda-feira, 6 de dezembro de 2010

Angela Merkel resists eurozone bond and debt proposals


Germany looks likely to block moves that some eurozone partners and the International Monetary Fund argue could help resolve Europe's debt crisis.
Pressure is growing on the eurozone to raise the financial safety net for banks and to create a joint government bond to reduce borrowing costs.
But Germany's Chancellor Angela Merkel dismissed both proposals on Monday.
Her comments came hours before a meeting of eurozone finance ministers to discuss the bloc's debt problems.
IMF chief Dominique Strauss-Kahn believes the 16-nation eurozone should boost the 750bn- euro (£635bn; $1trillion) rescue fund, known as the European Financial Stability Facility.
Belgian Finance Minister Didier Reynders said over the weekend that eurozone countries should increase the fund.
The issue is one of several topic's on the agenda at this evening's meeting, but Germany has already set out its position.
Ms Merkel told a press conference in Berlin that she saw no need to boost the bail-out fund, which is unpopular in Germany because of the size of the country's commitment. BBC News