Bloomberg News

Markets Should Judge EU Will to Stop Contagion, Juncker Says

October 27, 2011

Oct. 27 (Bloomberg) -- Markets should appreciate the will of European leaders to prevent the debt crisis from spreading and to bolster banks, Luxembourg Prime Minister Jean-Claude Juncker said after a summit that ended early today in Brussels.

“I expect financial markets will analyze this tomorrow, that they’ll see we pushed our determination to save Greece, if I can say it like that, to a maximum, that financial markets see our will not to have any contagion risks for other countries. This means to secure financial stability in the entire eurozone. I expect financial markets will see that we take bank recapitalization very seriously,” he said.

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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