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Back to no bondholder bailouts until 2013: can you find the original news report behind this? I could only track down this (a press conference with Juncker in March):

Auf gar keinen Fall können wir jetzt innerhalb der Laufzeit des EFSF ‑ das will ich noch einmal ganz deutlich sagen, weil das oft missverstanden wird ‑ eine verpflichtende Beteiligung privater Gläubiger einführen, die es bis 2013 nicht gibt.Within the term of the EFSF, no way can we now - I want say this very clearly once more, because it is often misunderstood - introduce a mandatory participation of private creditors, which there won't be until 2013.

My emphasis. Schäuble's proposal is supposed to be voluntary, while the opponents argue that rating agencies won't see it as voluntary...

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Jun 16th, 2011 at 06:07:58 AM EST
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