German FinMin-eurozone hasn't convinced markets yet

BERLIN | Wed May 19, 2010 1:42am EDT

BERLIN May 19 (Reuters) - Euro zone states must reduce their deficits to win the confidence of financial markets, which remain unconvinced about the currency area's fiscal health, German Finance Minister Wolfgang Schaeuble said on Wednesday.

"We haven't really convinced the markets yet, as we have seen the euro falling further. That means we must reduce deficits in all euro zone member states," Schaeuble told Deutschlandfunk radio.

Currencies
Bonds News
Bonds
Markets
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.