EU ministers move to calm bond markets

The finance ministers of the European Union’s five largest economies - France, Germany, Italy, Spain and Britain - attempted to calm turbulent bond markets on the 12 November 2010 by insisting that any plans to force private debt holders to bear the burden of future sovereign bail-outs will not affect anyone currently holding eurozone debt.

ESO: Background information: Bail-out fund stands by for first big test http://www.europeansources.info/record/bail-out-fund-stands-by-for-first-big-test/

BBC News, 12.11.10: G20 statement on Irish debt helps to calm fears http://www.bbc.co.uk/news/business-11743229

Spiegel Online International, 11.11.10: Irish Debt Causing New Jitters Across Europe http://www.spiegel.de/international/europe/0,1518,728582,00.html

Deutsche Welle, 12.11.10: EU moves to calm markets over Irish debt fears http://www.dw-world.de/dw/article/0,,6224725,00.html

Irish Times, 12.11.10: Cowen denies reports of EU talks on emergency funding http://www.irishtimes.com/newspaper/breaking/2010/1112/breaking3.html

France24, 12.11.10: EU seeks to reassure markets over Irish financial woes http://www.france24.com/en/20101112-eu-ireland-seeks-reassure-markets-over-irish-financial-woes-european-union-finance

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