Bloomberg News

Europe Faces ‘Trust Challenge’ After German Auction, Stoere Says

November 24, 2011

Nov. 24 (Bloomberg) -- Europe faces a challenge in restoring confidence in its political system, Norway’s Foreign Minister Jonas Gahr Stoere said, after Germany failed to sell all the 10-year bonds offered at an auction yesterday.

“This challenge of trust, no one will escape it,” Stoere said in response to Bloomberg questions in Oslo today. “Although it will be more acute in some settings, it is something that will affect all political systems.”

To contact the reporter on this story: Josiane Kremer in Oslo at

To contact the editor responsible for this story: Tasneem Brogger at

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