Aug 25 (Reuters) - Europe's rescue fund urgently needs to be empowered to buy bonds on the secondary market, German Finance Minister Wolfgang Schaeuble said on Thursday.
The European Financial Stability Facility(EFSF) "urgently needed" to be given this power "so it can act on secondary market, such that the ECB is not the only body able to act," Schaeuble said during a roundtable discussion at a finance conference in Frankfurt.
Divisions are growing in German Chancellor Angela Merkel's ruling conservatives in the run up to the parliamentary vote on the EFSF, to be held by Sept. 23.
Source: www.reuters.com
The European Financial Stability Facility(EFSF) "urgently needed" to be given this power "so it can act on secondary market, such that the ECB is not the only body able to act," Schaeuble said during a roundtable discussion at a finance conference in Frankfurt.
Divisions are growing in German Chancellor Angela Merkel's ruling conservatives in the run up to the parliamentary vote on the EFSF, to be held by Sept. 23.
Source: www.reuters.com
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