| Author (Person) | Harding, Robin |
|---|---|
| Series Title | Financial Times |
| Series Details | 24.2.12 |
| Publication Date | 24/02/2012 |
| Content Type | News |
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Article reported that the German government was set to resist or delay increasing the size of the eurozone’s financial 'firewall' against contagion from the Greek debt crisis in late February 2012, in the face of mounting pressure from its partners, the International Monetary Fund and the US administration. Ms Merkel and her finance minister, Wolfgang Schäuble, were looking isolated in the face of strong pressure from Christine Lagarde, managing director of the IMF, and the other 16 members of the European monetary union. Mr Schäuble was likely to face further pressure on the subject at a meeting of G20 finance ministers and central bank governors in Mexico City, 25-26 February 2012. Article report on the 25 February 2012 stated that the German government had softened its resistance to increasing the eurozone’s 'firewall' against financial-market contagion from the Greek crisis by Wolfgang Schäuble, German Finance Minister signalling it would consider the combination of the region’s temporary rescue fund with its permanent successor. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
