Germany must keep assuring euro peers: Barroso | business | Hindustan Times
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Germany must keep assuring euro peers: Barroso

business Updated: Dec 06, 2011 20:44 IST
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European Commission president Jose Manuel Barroso called on Germany to keep assuring its peers it would do its utmost to preserve euro zone stability, and said this week’s EU summit could be a turning point for winning back market trust.

In an interview with German daily Die Welt, Barroso also said jointly-issued euro bonds, could only be a medium- to long-term measure to ensure stability and liquidity for the bloc.

“I know that Germany supports greater coordination and discipline and a more comprehensive approach to the crisis... but at the same time Germany should keep assuring its partners that it will do all it can to secure the stability of the euro zone, as is the case with the current rescue fund,” he said.

Asked what decisions from the summit would be of most importance, Barroso said a move by European leaders to simplify how a country receives aid from the permanent bail out fund.