News Headline Summary

European headlines of note from this weekend...

German finance minister Schaeuble said finance ministers are unlikely to be able to decide on the next tranche of aid for Greece when they meet today, and will not be put under pressure to do so. (Welt am Sonntag) In related news Troika will only give Greece more money if it guarantees planned job cuts in the public sector, according to an unidentified official. (Der Spiegel)

ECB's Weidmann said Europe's politicians seem to have already decided to continue funding Greece, however has warned of the lack of independence of the Troika's report, saying that they must produce an honest and unembellished report on the state. (Newswires) ECB's Asmussen said the appetite for a second restructuring of Greek debt is extremely low, but there are a menu of options to help sustain Greek debt. (De Tijd)

11 Nov 2012 - 22:17 - Fixed Income Bank Speaker - Source: Newswires

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