EU thinks of the restructuring of emergency funds after

Tuesday, 1 February 2011 00:04 -     - {{hitsCtrl.values.hits}}

London (Reuters) - The European Union (EU) to negotiate high-ranking politicians, a newspaper reported currently on a restructuring of the 440 billion euro bailout fund.

Advice will include better monitoring of troubled states, reports the newspaper on Monday, citing government sources. 

Instead of financial assistance such as Spain and Portugal could be more strictly controlled. EU Monetary Affairs Commissioner Olli Rehn said, however, the newspaper: “The EU should not try to impose on a member country of a program.” Spain had already taken extensive measures.

At the EU summit in Brussels on Friday should have no decisions are made, the paper adds. Reuters had on Friday heard from circles that the EU was considering an extension of the billion-dollar rescue loan to Greece and Ireland in 30 years. Thus, the debt crisis in Europe ended.

IMF Deputy Chief John Lipsky, told the paper that the cases Greece and Ireland were extremely difficult. The credit to both countries had “no guarantee of success.