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Polish Fin Min Fears Crisis Without Eu Firewall

Polish fin min warned that without effective measures by EU, Europe will be thrown into turmoil from potential Greek Exit
Polish C banker Belka also said that Greece should not be allowed to leave euro in disorderly way

Quotes

"There is only one institution that can provide the firewall that Europe needs in the time we have before the Greek elections, and that is the ECB,"

"It should immediately announce that in the event of a Greek exit from the euro zone it will stand ready to buy unlimited amounts of the sovereign bonds of countries remaining in the euro for a limited period of time - say a year or 18 months."

-Jacek Rostowski, Poland's Fin Min

Published: 2012-05-21 03:01:00 UTC+00

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Jun 20 at 6:55 UTC