PARIS, Nov 23 (Reuters) - Private sector participation in a European crisis resolution mechanism could take various forms, such as collective action clauses for bondholders or commitments by banks to roll over investments in countries at risk, France's economy minister said. "The mechanism of crisis resolution is under consideration," Christine Lagarde told parliament on Tuesday, in response to a question about what form how the private sector could participate in the mechanism due to take effect from 2013. "This participation of the private sector could take a series of different and varied forms, principally collective action clauses or notably the commitment of banks to keep their investment in countries at risk."
No comments:
Post a Comment