- Speed and substance of measures will help strengthen Italy
- Can probably expect conclusion of fiscal pact by end January
- Also need to exchange views on labour rights
- Need to advance talks with banks on Greece
- Talked about how to strengthen EFSF, ESM
- Agreed that France, Italy, Germany to meet in Rome January 20
- EFSF leveraging more difficult than thought
- Germany willing to pay more capital into ESM at start
- EFSF still has 250 bln available
- Still much money available in EU structure and cohesion funds
Dow Jones reporting.
