Not exact matches
More to the point, Dutch Prime Minister Mark Rutte spoke last Friday in the name of seven
other countries — forcefully rejecting the French ideas of a
euro zone finance minister and a heavy and expensive institutional buildup.
And that, in turn, could undermine confidence in the banks of
other troubled
euro zone countries.
While Germany has managed to stay ahead of the rest, the
other countries are less competitive as a result of the «retrenchment» the
euro zone is currently experiencing.
PARIS (Reuters)- Finance ministers of
other southern
euro zone countries on Wednesday talked up the chances of reaching a cash - for - reforms deal with Greece, with Spain's Luis de Guindos saying he was certain it would happen.
Portugal, like Spain, has been among the
euro zone countries that have been most insistent on Greece committing to deep reforms, like
other recipients of bailouts in the region have done.
Germany and
other northern European
countries see the cleaning up of
euro zone banks» balance sheets as a necessary precondition to a pan-European deposit insurance scheme.
If the
euro -
zone countries do give in, the pressure for reform will also decline in the
other crisis - ridden
countries.