Friday, June 29, 2012

Berlin Blinks on Shared Debt

BERLIN?Germany may be willing to move sooner than expected to accept shared liability of euro-zone debt and would support short-term measures to deal with the acute financing problems facing some of the region's governments, German Finance Minister Wolfgang Sch?uble said in an interview with The Wall Street Journal ahead of Thursday's European summit.

Mr. Sch?uble said Germany could agree to some form of debt mutualization as soon as Berlin is satisfied that the path toward establishing centralized European controls is irreversible.

"We have to be sure that a common fiscal policy would be irreversible and well coordinated. There will be ...

BERLIN?Germany may be willing to move sooner than expected to accept shared liability of euro-zone debt and would support short-term measures to deal with the acute financing problems facing some of the region's governments, German Finance Minister Wolfgang Sch?uble said in an interview with The Wall Street Journal ahead of Thursday's European summit.

Mr. Sch?uble said Germany could agree to some form of debt mutualization as soon as Berlin is satisfied that the path toward establishing centralized European controls is irreversible.

"We have to be sure that a common fiscal policy would be irreversible and well coordinated. There will be ...

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