Wednesday, July 27, 2011
German warning on Greek bond buyback
Germany's finance minister warned on Wednesday that the eurozone's rescue fund did not have a "blank cheque" to buy back Greek bonds, referring to one of the key measures agreed at last week's crisis summit.
"Such purchases can in future only happen under very strict conditions, if the European Central Bank decides there are extraordinary conditions on financial markets and dangers to financial stability," Wolfgang Schaeuble said.
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AFP