News Headline Summary

Germany finance minister Schaeuble says Greece, Portugal and Spain have all made significant progress in dealing with debt/deficit problems

- Mustn't mutualize fiscal liability.
- ECB policies not substitute for structural policies.
- No one should be under the impression that national bank problems can simply be shifted to the European rescue mechanism.
- Clear liability hierarchy is needed in banking union.

27 May 2013 - 14:29 - Fixed Income Economic Commentary - Source: Newswires

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