News Headline Summary

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

Says:
- 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.

Print 13:31, 27 May 2013 - Economic commentary - Source: Newswires