- joint paper opposes guarantees for ECB asset-buying
Proposals seen by Bbg. More to follow
- paper reject the Coeure suggestion that govts back ECB asset-buying with guarantees
- investors should be “incentivized”
- while guarantees “would be problematic” Europe should be developing an ambitious solution which fits its needs and should do so now
- the joint paper will presented on Sept 12 to a meeting of EU fin mins in Milan
French fin ministry says joint paper being prepared but declines to give more detail. German fin ministry declines comment
