Merkel: Negotiations on fiscal compact are progressing well
- Good chance we will get debt brake commitment signed in January, or March at latest
- Germany, France checking how to speed up paying capital into ESM
- Voluntary debt restructuring of Greece has to happen soon, second aid package agreed
- If no progress on Greek aid package, next aid tranche to Greece cannot be paid out
- Wants European Finance Ministers to map out plan on financial transaction tax by March
- Germany, France will push for financial transaction tax on euro zone level if EU not achieveable, but not full agreement in German govt on this (I bet)
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