Berlin clarifies position on ESM in the wake of Bild article

24 August 2017
177 Views

Germany’s finance ministry on Wednesday issued a quick clarification after a same-day Bild article claimed that German FinMin Wolfgang Schaeuble has “reversed” his position over any future transformation of the European Stability Mechanism (ESM).

A ministry spokeswoman reiterated that Berlin continues to oppose the joint assumption – by the Euro zone – of individual member-states’ public debt and the issuance of a “Euro bond”.

“We’re not planning new spending into the billions … What is under discussion, for some time now, is the further evolution of the ESM,” Friederike von Tiesenhausen said, adding: “However, the principle whereby we do not, in any way, want to absolve member-states of their responsibility remains.”

You may be interested

Greece – Cyprus – Egypt to meet in Nicosia on Tuesday
GREECE
shares33 views
GREECE
shares33 views

Greece – Cyprus – Egypt to meet in Nicosia on Tuesday

makis - Nov 21, 2017

President of Egypt Abdel Fattah el-Sisi has arrived in Cyprus on Monday paying his first official visit to the island…

Two suspects of Exarchia riots released on condition
GREECE
shares47 views
GREECE
shares47 views

Two suspects of Exarchia riots released on condition

makis - Nov 21, 2017

The two suspects arrested for during the widespread riots around the area of Exarchia near the Athens Polytechnic during celebrations…

Attica floods: One more dead body found, 21 in total
GREECE
shares49 views
GREECE
shares49 views

Attica floods: One more dead body found, 21 in total

makis - Nov 21, 2017

The death toll from the horrific mudslides last week at Mandra has risen and the dead are now 21. One…

Leave a Comment

Your email address will not be published.