Berlin clarifies position on ESM in the wake of Bild article

24 August 2017
329 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

Merkel: I hope we take final step with Greek programme on Thursday
POLITICS
shares6 views
POLITICS
shares6 views

Merkel: I hope we take final step with Greek programme on Thursday

makis - Jun 19, 2018

German Chancellor, Angela Merkel expressed hope that the Eurogroup meeting on Thursday would be the last step for the Greek…

Mykonos! The island where some bread slices cost 28 euros!
GREECE
shares10 views
GREECE
shares10 views

Mykonos! The island where some bread slices cost 28 euros!

makis - Jun 19, 2018

A Spanish bakery claims to sell the world’s most expensive bread in the world at €106 a loaf. OK, that…

U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinas
GREECE
shares13 views
GREECE
shares13 views

U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinas

makis - Jun 19, 2018

The U.S Embassy in Athens issued a press release condemning the granting of a 48-hour furlough to November 17th convicted…

Leave a Comment

Your email address will not be published.