Eurogroup meeting: extracts from the common press conference by Jean-Claude Juncker, President of the Eurogroup, Olli Rehn, and Klaus Regling, Chief Executive of the European Financial Stability Facility (EFSF)
The Ministers for Finance of the Eurogroup met on 6 December 2010 in Brussels.
During the common press conference, Jean-Claude Juncker, President of the Eurogroup and Prime Minister of Luxembourg, called for the creation of pan-European bonds to boost confidence in the euro, while Germany rejected the idea. The increase of the Eurozone rescue fund nd the detailed measures of budget consolidation adopted by the Spanish and Portuguese governments were also discussed.
As Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs, said about the proposal made by the Euro bonds.