By MARCUS WALKER And BOB DAVIS
"Germany expressed support for creating a "European Monetary Fund" that
could bail out indebted nations in the euro zone, showing how Greece's debt
crisis is forcing Europe to rethink the institutional design of its
common-currency area.
German Finance Minister Wolfgang Schäuble said he would "present
proposals soon" for a new euro-zone institution that has "comparable powers
of intervention" to the International Monetary Fund.
In an interview with German newspaper Welt am Sonntag, Mr. Schäuble said
the euro zone should draw lessons from the Greek crisis, which has exposed
the region's lack of tools for dealing with a member country at risk of
defaulting." more
http://online.wsj.com/article/SB10001424052748704706304575107814218903120.html?mod=googlenews_wsj
"Germany expressed support for creating a "European Monetary Fund" that
could bail out indebted nations in the euro zone, showing how Greece's debt
crisis is forcing Europe to rethink the institutional design of its
common-currency area.
German Finance Minister Wolfgang Schäuble said he would "present
proposals soon" for a new euro-zone institution that has "comparable powers
of intervention" to the International Monetary Fund.
In an interview with German newspaper Welt am Sonntag, Mr. Schäuble said
the euro zone should draw lessons from the Greek crisis, which has exposed
the region's lack of tools for dealing with a member country at risk of
defaulting." more
http://online.wsj.com/article/SB10001424052748704706304575107814218903120.html?mod=googlenews_wsj