Now Playing: Merkel dit, reduction budgets, peines plus sévères, et l'insolvabilité ordonnée de l'euro-région
Topic: Politics
German Chancellor Angela Merkel
laid out proposals to gain control over “destructive” financial markets, after she imposed a unilateral ban on naked short- selling that sent stocks and the euro sliding.
$1 trillion bailout to backstop the euro
Merkel, opening a parliamentary debate on Germany’s contribution to a $1 trillion bailout to backstop the euro, said
- faster budget cuts,
- tougher penalties for countries that flout the rules
- and the orderly insolvency of euro-region states
source Bloomberg Businessweek: businessweek.com
70% computer translation:
Merkel dit: sauver l'Euro
- compressions budgétaires plus rapide,
- des peines plus sévères pour les pays qui bafouent les règles
- et l'insolvabilité ordonnée de l'euro-région des Etats
Posted by solarlife
at 7:34 AM EDT
Updated: Wednesday, 19 May 2010 7:54 AM EDT
