Bloomberg News

ECB’s Praet Says It’s Important to Stick to ‘Bailout Principle’

February 20, 2012

Feb. 20 (Bloomberg) -- European Central Bank Executive Board member Peter Praet said it’s “very important” for the central bank to stick to the no-bailout principle.

“It’s a sound principle to follow,” Praet said at an event in Geneva, Switzerland, today. “I don’t see a need to change our framework.”

To contact the editor responsible for this story: Simone Meier at

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