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“Eurozone More Stable Now”
Politics ♦
Published: December 14, 2012; 15:08 ♦ (Vindobona)
Banking union and rescue umbrella making a substantial contribution to Eurozone stabilization, Austria´s Minister of Finance Maria Fekter says.
“Eurozone More Stable Now” / Picture: © ÖVP Bundespartei / Jacob Glaser
"Following the decisions last night on a common European banking union under the overall auspices of the ECB and with the rescue umbrella of the ESM, which is able to resolve fiscal problems, we have a solid foundation," declared Finance Minister Maria Fekter on the periphery of the euro groups in Brussels.
However, Fekter advised caution: "The individual problems in the indebted…
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