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Showing posts with label Proell. Show all posts
Showing posts with label Proell. Show all posts

Wednesday, February 16, 2011

Austria finmin: March debt deal may take pressure off EFSF

If the European Union can agree a comprehensive package to deal with the debt crisis during March, that may remove pressure to strengthen the euro zone's temporary bailout fund, Austria's finance minister said.

Josef Proell indicated that increasing the effective capacity of the 440 billion euro European Financial Stability Facility may not be necessary if leaders can agree a complete package of measures by an end-March summit.