Arab Today, arab today francogerman agreement on euro fund
Last Updated : GMT 12:19:12
Arab Today, arab today
Arab Today, arab today

Franco-German agreement on euro fund

Arab Today, arab today

Arab Today, arab today Franco-German agreement on euro fund

Berlin - AFP

Germany\'s finance minister said on Thursday there was \"complete agreement\" between Paris and Berlin on the EU\'s bailout fund but that no accord had yet been clinched at a European level. \"France and Germany have a completely agreed position on these questions, but we know ... that this is not a European solution,\" Wolfgang Schaeuble told reporters. \"France and Germany have a responsibility to lead in Europe but that does not replace discussions that are being carried out by all 17 member states\" that share the euro, he added. EU leaders are meeting on Sunday in a last ditch bid to thrash out a solution to a debt and banking crisis in the eurozone that has threatened to tip Europe -- and the rest of the world -- into recession. Officials are engaged in fevered diplomacy before the make-or-break summit. Eurozone finances meet on Friday and EU finance ministers and foreign ministers on Saturday to prepare the meeting. A mini-summit in Frankfurt on Wednesday that involved French President Nicolas Sarkozy, German Chancellor Angela Merkel and senior EU officials failed to yield a breakthrough, prompting reports of deep divisions. Schaeuble reiterated that Germany would not be prepared to raise its contribution to the 440-billion-euro (607-billion-dollar) European Financial Stability Facility (EFSF), which currently stands at 211 billion euros of state guarantees. However, officials were looking at ways to deploy the fund \"more efficiently\" he said. Asked if this would involve leveraging the fund, he said: \"I don\'t know. At the moment, we don\'t have a common (European) proposal. We\'re working on it. \"The working group of deputy finance ministers -- the so-called European Working Group -- is meeting ... we are in constant contact. There are intensive negotiations,\" he said. There has been intense speculation that EU leaders will seek to boost the firepower of the fund to as much as two trillion euros by insuring investors against future losses from their sovereign debt holdings. Earlier Thursday, Schaeuble\'s office admitted that differences remained between European countries over the role of the eurozone bailout fund in addressing the debt crisis, in a document obtained by AFP. \"There remains the need for agreement on the guidelines for primary market and secondary market intervention\" to buy sovereign bonds of debt-mired countries, the ministry said in a letter to members of the lower house of parliament\'s budgetary committee.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today francogerman agreement on euro fund Arab Today, arab today francogerman agreement on euro fund

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today francogerman agreement on euro fund Arab Today, arab today francogerman agreement on euro fund

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday