Euro zone finance ministers and officials
Oct 3, 2011, 8:22 a.m.
LUXEMBOURG (Reuters) - Euro zone finance ministers and officials were meeting on Monday to discuss the European Financial Stability Facility (EFSF) bailout fund and the economic situation in Greece.
Following are comments ahead of their talks.
SPANISH ECONOMY MINISTER ELENA SALGADO
"I think it would be useful for the EFSF to have more capacity, not a larger fund per se, more flexibility and more capacity. We will be deciding (the issue of leverage) among ourselves later today."
BELGIAN FINANCE MINISTER DIDIER REYNDERS
"The French and Belgian governments are behind their banks, whether that is Dexia or another.
"To help banks and to help, for example French and Belgian savers, the first thing to do is to help Greece."
GREEK FINANCE MINISTER EVANGELOS VENIZELOS
ON BUDGET AND FISCAL CONSOLIDATION:
"(Greece is taking) all the necessary difficult measures in order to fulfill its obligations toward its institutional partners. The new budget, the budget for the new year, is very ambitious, our target is to present for the first time after many years a primary surplus of 3.2 billion euros. This procedure of fiscal and financial consolidation for the last two years is very strong, very fast, but we are now ready to present results."
"Greece is a country with structural difficulties, but Greece is not the scapegoat of the euro zone. Greece is a proud country. We have the possibility and the capability to go ahead, despite a deep recession -- a cumulative recession of 12 percent of our GDP in the last three years."
(Via Brussels newsroom)
- One out of every six health care dollars is spent on treating ...
- In searching for investment options, would you rather have—high return or low ...
- In their early 70s, Koert and Rebecca Smith were looking to make ...
- At age 74, singer-songwriter Paul Williams is in better shape than he ...
- Below-zero temperatures in Iowa and the Beach Boys’ music don’t necessarily go ...