Sweden could assist eurozone bailout: Borg

AFP/The Local
AFP/The Local - [email protected] • 10 May, 2010 Updated Mon 10 May 2010 07:44 CEST

Sweden's finance minister Anders Borg was on Sunday unwilling to rule out that Sweden would assist in underwriting a bailout fund for troubled euro economies.


"I would not rule out anything," Anders Borg told reporters as he arrived

for crunch talks in Brussels.

"I would be willing to consider any option," he said when asked if Sweden could help to guarantee borrowings in the EU's name despite not itself being a member of the euro.

Fellow euro area outsider Britain indicated earlier Sunday it would not participate in the fund.

"We need to make progress today, we cannot afford dispointment with the markets," said Borg, referring to deadline of Sunday evening for agreeing a deal, as fixed at a summit of eurozone leaders on Friday.

Borg underlined that although the debt crisis that brought down stock markets worldwide last week is a "eurogroup problem," and that it was "clear that our taxpayers are not willing to pay for Greek problems... we also need to solve the problem."


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also