German govt spokesman: We will ensure the euro will remain stable in the long-term
- Confident basic structure of permanent crisis mechanism will be drawn up
- Proposed changes to EU treaty show aid will only be given under strict conditions
- Proposed changes see using crisis mechanism as last resort
- IMF will be included in future crisis mechanism
- Mechanism will be based on intergovernmental support
- Eurobonds will not be part of talks at EU summit
- Question of private sector involvement doesn’t need to be mentioned in EU treaty changes
- Supports ECB in all that it deems important
- If ECB wants to enlarge its basic capital, Germany would react positively
- We want to work on improving economic coordination, this is long-term issue though
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