Minister: Quick euro decisions unlikely

22nd October 2011, Comments 0 comments

Dutch Finance Minister Jan Kees de Jager has said that an early decision on reinforcing the euro support fund could fail to materialise this weekend.

Speaking to reporters in Brussels just before an EU finance ministers' meeting, he said that there are two options on the table, without going into details. Mr De Jager suggested that there is no guarantee that government leaders will be able to decide on either option at the Brussels summit on Sunday. There are reports of fundamental disagreements between President Nicholas Sarkozy of France and German Chancellor Angela Merkel about the handling of the crisis.

The EU finance ministers agreed on Saturday to a new 8 billion euro loan to bail out Greece. Also on the agenda is the wider euro debt crisis and the stability of the European banking sector.

The Dutch Lower House is meeting for an emergency debate on the euro debt crisis on Saturday. Minister De Jager said his presence, though requested by the house, was in question because of a possible extra meeting of the 17 euro currency countries.

An extra EU summit on strengthening the Euro Financial Stability Facility has been scheduled for Wednesday.


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