BRUSSELS (MNI) – The European Banking Federation (EBF) called
Monday on political leaders to use “all possible means” to restore
confidence in sovereign debt.
“Sovereign debts are a stable tool for banks, it is crucial that
they remain so,” EBF chief executive Guido Ravoet said in a press
release. “Member states must do their utmost to ensure the stability and
the integrity of the euro area by all possible means and act jointly to
restore confidence.”
The EBF urged states to show “solidarity towards one another” with
the support of adequate mechanisms “in order to send the right message
to markets.”
Governments should also “step up their efforts towards a sound
budgetary policy,” it said. “The most effective means of doing so would
be for the EU member states to confirm that they firmly adhere to the
European Commission recommendations which aim at enhancing budgetary
discipline.”
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