"I would be in favour of everthing: the IMF (resources), strengthening the ESM, and a very active approach from the ECB and to be very honest I think we need all three of them," Borg told reporters in Paris, when asked what was needed to prevent the Greek crisis affecting other European states.
"We will not get the IMF deal through with the rest of the world at the G20 meeting (in February) without strong European commitment," Borg said.
The minister said Sweden would be willing to listen to a new proposal for a European financial transaction tax if the Commission addressed some of the problems with its existing proposal.
Comment: Notice Borg said this in Paris and his mission was to focus on the Greece rescue. To dismiss FTT in Paris, while the French are investing so much in it would be diplomatically rude. If they promise to retool and improve things, the polite thing is to say you will look at it with an open mind - and later say no and everyone understands that too. The problems the Swedes had can't be fixed, unless FTT is global. They suffered the competitive disadvantage and promised themselves never again.
