Bloomberg News

Fekter Says Euro Rescue ‘Umbrellas’ Big Enough for Spain, Cyprus

June 26, 2012

Austrian Finance Minister Maria Fekter said the European Union rescue mechanisms will be big enough for Spain and Cyprus.

“The rescue umbrellas that we opened will solve both cases,” Fekter told reporters in Vienna today when asked if the latest bailouts were affordable.

Regarding Greece Fekter said that next steps would have to wait for the latest report from the so-called troika, comprised of officials from the EU, European Central Bank and International Monetary Fund.

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net


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