ROME (Reuters) - Countries who want the euro-zone's permanent bailout funds to buy their bonds to help lower borrowing costs will have to commit to a reform program, EU Economic and Monetary Affairs Commissioner Olli Rehn said in an Italian daily on Saturday.
Showing posts with label European Monetary Union. Show all posts
Showing posts with label European Monetary Union. Show all posts
Monday, July 9, 2012
Wednesday, June 22, 2011
Norway Oil Fund Confident Euro Survives With Doubts Increasing Over Greece
The chief executive officer of Norway’s $570 billion sovereign wealth fund said the European Monetary Union, which consists of 17 countries sharing the euro currency, will survive amid increasing doubts that Greece will avoid becoming the first member to default on its debts.
“Some people are saying Europe is facing a choice, there is fiscal union or there is a break-up of the euro,” Yngve Slyngstad, the head of the Oslo-based fund, said yesterday in an interview. “I don’t think that’s necessarily true for the union. It may be true for one single member for the moment.”
“Some people are saying Europe is facing a choice, there is fiscal union or there is a break-up of the euro,” Yngve Slyngstad, the head of the Oslo-based fund, said yesterday in an interview. “I don’t think that’s necessarily true for the union. It may be true for one single member for the moment.”
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