The German finance minister, Wolfgang Schaeuble, downplayed the need for a bigger eurozone firewall, saying governments must address deficiencies in their economies before looking to the region’s financial backstops for help.
Eurozone governments have decided on a sequence of events in which troubled countries have to start tackling their economic problems before mechanisms including the European Stability Mechanism are put in place to turn the eurozone into a “stability union,” Schaeuble told reporters...
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