German FinMin Schaeuble: Programme for Ireland is appropriate
- Programme is solid and will function
- Speculation on financial markets is hardly rational
- Portugal is under pressure from markets, must implement planned measures
- Clarity has now been achieved, we’re hoping for calming and reality in financial markets
- There’s been too much speculation in the markets
- Portugal is on the right track
- Germany is confident that Portugal will be successful
- We’re determined and capable of defending the euro
- Germany would have most damage if the euro were not stable currency
- No reason to increase size of rescue mechanism
- Unanimous solution in euro zone is for creditors to participate in new mechanism
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