Wroclaw, Poland (Reuters)-the European Union finance ministers in the discussion of the eurozone debt last weekend with no new ground handling crisis, not absorbed some opinions and refused to others, and to take the steps agreed on the progress of the stock.
Minister and 17 countries use the euro, the central bank governor, and in the broader 27 European Union meeting the wroclaw polish city push up against sovereign debt crisis of the euro area defense European slow economic growth and discuss progress on Friday and Saturday.
In an unprecedented access to the European Union finance officials of informal talks, the United States Treasury secretary last Friday in the cover Turner Wroclaw appearance urged Germany provide more fiscal stimulus measures to slow down the euro zone.
But cover Turner called for those who could afford was refused, because the euro zone action that, in the sustainability of public finance, therefore, consolidate, the trust of the market, is to economic growth than consumption of important.
Luxembourg let-a euro zone finance ministers, nigel DE jong, chairman, said: "" the first task of consolidating financial is still the euro zone.
Greece: often talk about "ridiculous"
Greek finance minister on Saturday, has rejected the shortage of national debt led by default, and say the prime minister PaPanDeLiOu canceled the trip to the United States, because is about to make hard decisions.
"The upcoming breach of contract or bankruptcy opinion and analysis, not only irresponsible, and ridiculous", the ministry of finance minister WeiNi jersey's Ross said in a statement.
"Every weekend Greek... is affected by this in the international market speculators organization of the attack," he added.
WeiNi ze Ross said, PaPanDeLiOu decided to not because of economic emergency, but because back to Athens, the government had to take tough decisions, as the talks under a rescue group of be released before the international loan recovery.
Greece has been behind agreed to Athens to continue to support international lending conditions is set of the financial and structural reform.
The United States does not welcome lectures
Some eurozone minister in anger, the United States, Wroclaw seems to have large itself budget gaps and the debt burden, how should do preach Europe.
"He (cover Turner), we need to convey significant submitted to avoid make money system in trouble," finance minister maria Fekter Austria told reporters after the meeting.
"I found strangely enough, even if the United States significantly more than the euro zone is the basic data of the bad, they tell us what to do."
Cover Turner, the euro area also pointed out that finance ministers can improve fire, their assistance funds of 44 billion euros of the European financial stability fund, through the full use of.
This could ease concerns, the euro area of the market does not have enough funds to help Spain and Italy, if need be.
Was thinking is in and cover the meeting have not discussed Turner, but by the European commission will study, because it provides a kind of method, improve the taxpayers' money no more EFSF intervention, according to the eurozone officials power.
reservation
However, the German central bank said the use of WeiDeMan delay EFSF last Saturday's idea reservations.
"It depends on how the lever is complete, if this is so, at the end of the euro system risk, it fails to demand," he said.
"If it is done, EFSF should obtain the license plate, and then clarification of the EFSF does, in fact, is doing banking, I will set up a big question mark," he said, echo of the euro area's opinion of the idea might use source met many legal challenges.
Officials said, using the EFSF will mean that can guarantee including the European central bank to buy distressed sovereign bond the euro zone of the potential losses and improve the intervention of the fund of the potential, even five times.
"It has not been refused, it had not been approved-this is being discussed," the senior official said the euro zone. "But the top priority is the current implementation of the EFSF reform."
The euro zone on July 21, agree to grant EFSF power intervention bond market, to governments provide preventive credit and bank transfers.
But change is approved by the eurozone countries. Klaus ray, the head of the EFSF green, said he expected the new power, will be in the middle of October.
The eurozone officials, Greece, rely on the euro zone and emergency financing support the international monetary fund, will get aid, if it is in line with the file on October 14 eu/imf conditions, expressed confidence.
For the Greek "technical solutions"?
The eurozone leaders promised on July 21, in one of the Greek new emergency loan package, worth 10.9 billion euros ($). But money pay depends on looking for a solution, for the requirements of Finland, from Greece gain more loan guarantees from the mortgaged property Helsinki.
"Technology solutions can be realized," French finance minister francois Baroin told reporters. But the euro zone sources said a deal is possible in early October, not only because of its complexity.
The European Union finance ministers also agreed on Saturday, European Banks must strengthen the follow-up, July pressure testing, said in a report, now "systematic" sovereign debt crisis threatening a new credit crunch.
"We've come to the conclusion, we need to make our financial system more perfect," the Spanish economy minister Elena Salgado told reporters the.
The agreement does not mean, European Banks possible from the public, the extra large injection-it just European Banks for July, the pressure test results confirmation.
Experiment shows that financing gap-a only 600 million euros of bank debt crisis of further deterioration, and mainly by private capital covers the a, many investors think may be higher.




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