Bloomberg News

Austria Says Euro Rescue Fund Could Go Ahead Without Slovakia

October 11, 2011

Oct. 11 (Bloomberg) -- The European rescue fund could be expanded even without Slovakia’s parliament supporting the decision today, Austrian Vice Chancellor Michael Spindelegger told reporters in Vienna today.

“There are two options,” Spindelegger said before the government’s weekly meeting in the Austrian capital. “Either we’ll do it anyway, and create a rescue program without Slovakia, or we’ll have a completely new situation to deal with,” he said.

Spindelegger also said that it is “counterproductive” when German Chancellor Angela Merkel and French President Nicolas Sarkozy meet in bilateral summits to determine the euro’s fate. “It can’t be that two are telling everybody in advance what’s going to happen in the European Union or the euro area,” he said.

To contact the editor responsible for this story: Boris Groendahl at bgroendahl@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus