Bloomberg News

German CDU’s Barthle Says EFSF Draft Guidelines ‘Look Good’

October 20, 2011

(Updates with Barthle comment on German lawmaker involvement from second paragraph. For more on Europe’s debt crisis, see EXT4.)

Oct. 20 (Bloomberg) -- Draft guidelines for enhancing the European Financial Stability Facility sent to German lawmakers overnight “look good,” Norbert Barthle, budget spokesman for Chancellor Angela Merkel’s Christian Democratic Union, told reporters today in Berlin.

Barthle and his Free Democratic Party counterpart Otto Fricke, said in joint statement that the lower house’s budget committee, which has to approve the guidelines, won’t give its stamp of approval before Merkel’s parliamentary groups have had a chance to discuss the proposals.

The budget committee has to back any future changes to the EFSF’s guidelines, the two spokesmen said in the statement e- mailed to news organizations.

--Editors: Leon Mangasarian, Alan Crawford.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: Rainer Buergin at rbuergin1@bloomberg.net


China's Killer Profits
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus