December 26, 2011

Schäuble: fight the causes of crisis

Schäuble: oorzaken van crisis bestrijden
Schäuble: fight the causes of crisis
Austerity and tougher control of the European budget rules are according to Germany, Netherlands and Finland still the best ways to fight the cancerous debt crisis. That came out on Friday after a meeting between finance ministers of those three countries, Wolfgang Schäuble, Jan Kees de Jager and Jutta Urpilainen.
"we have to solve problems by fighting the root causes", Mr Schäuble said. Therefore we need changes in European treaties, he repeated the position of the German government. Germany is pressuring for a long time for treaty changes will allow tougher controls on national budgets.  

Further the agreed measures for the enhancement of the EFSF for the EZ countries must be implemented fast. De Jager and Urpilainen insisted during the common press conference on a bigger role of the International Monetary Fund (IMF)  in the fight of the debt crisis. Schäuble did not react to that.

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