BERLIN (MNI) – German Chancellor Angela Merkel on Friday reaffirmed
that those Eurozone countries which are strong enough to recapitalise
their banks should do so themselves.
Only the weaker member states should be able to receive funds from
the European Financial Stability Facility (EFSF) for recapitalising
their banks, Merkel said here at a joint press conference with Dutch
Prime Minister Mark Rutte.
The Chancellor once again stressed that if experts would say that
banks need to be recapitalised “then we will follow their advise.”
Merkel said she expected the next EU summit in mid-October “to send
a signal how we will proceed with bank capitalisation.” Greece will
likely not be in the center of that meeting, she said.
Germany will support the proposal of the Netherlands for creating
the post of an EU Commissioner responsible for the euro, Merkel said.
“This is a good proposal.”
The Chancellor also warned that there were signs “for a slight
weakening” of the economy.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$G$$$,MFX$$$,MT$$$$]
