Bloomberg News

Germany Has Drop Investor Particpation in Bailouts, France Saysm

December 06, 2011

Dec. 6 (Bloomberg) -- French Prime Minister Francois Fillon said Germany has agreed to ease demands on investors in any future restructuring of European government as part of a package of proposals to be presented in Brussels later this week.

“There was a decision taken by the president and the chancellor yesterday that was absolutely fundamental and that wasn’t sufficiently explained,” Fillon said today on France 2 television. It “is that Germany has agreed to let go of the participation of the private sector, of private investors in case of the restructuring of sovereign debt,” he said.

“This is an element of confidence that is absolutely important,” he added.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net


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