BERLIN (MNI) – The German government on Friday called for a
coordinated action in the European Union to prevent the sovereign debt
crisis from spilling over to the real economy.

“The federal government fundamentally sees the necessity to act in
a coordinated fashion on the European level to secure the stability of
our currency and, most of all, to prevent or cushion a possible
spillover of the undeniable debt problems to the real economy,”
spokesman Steffen Seibert said at a regular government press conference
here.

Seibert said he could not confirm a media report that the
government coalition had agreed to support the idea of leveraging the
European Financial Stability Facility (EFSF).

–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com–

[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$G$$$,MFX$$$]