Saturday, May 07, 2011

Secret Euro Crisis Gathering in Luxembourg Today

EUObserver has uncovered details of the crisis get together of key euro players in a report which is linked from here. A quote:

The European Commission and the finance ministers of Germany, France, the Netherlands are in the Grand Duchy for a private chat about the "outstanding eurozone creditor issues with regard to the continuing problems in Greece," a source familiar with the discussions told EUobserver.Jean-Claude Juncker, the prime minister of Luxembourg of the eurogroup, the 17 countries that employ the single currency, is also there "despite the denials of his ministry," the source continued.

Finland may also attend, but not Greece. The idea is to have a "smaller group" consider these matters privately, without the full eurogroup needing to attend.

In addition, the discussion extends to the sizeable presence of MPs in the new Finnish parliament who are reluctant to bail out Portugal and what is to be done. The question of who is to be the next president of the European Central Bank is on the brief agenda as well.

The report last evening in Der Spiegel, referred to in the above article, claiming that Greec may be about to pull out of the Euro currency is linked from here.

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