Luxembourg prime minister Jean-Claude Junckertold reporters after chairing the ministers meeting in Brussels European governments can act in a determined and coordinated way to safeguard the stability of the euro zone and said markets have to understand this decision in a proper way.
French finance minister Christine Lagardesaid it may be a question of days before a financial plan for Ireland is agreed.
I dont have a precise calendar...There is work under way. Is it six months or a few days away? Ild say its closer to days.
Dutch finance minister Jan Kees de Jagersaid he and fellow European Union finance chiefs did not discuss specific numbers for a bailout for Ireland . De Jager, said that the EU is ready to activate bailout funds if needed.
If any country asks for this mechanism, were ready to activate this mechanism to protect the stability of the euro zone, the Dutch finance minister said
Finnish finance minister Jyrki Katainensaid today that Ireland will start consultations with EU Commission, European Central Bank and the International Monetary Fund on what would be the best way to solve the banking crisis because the bank crisis is the main reason why the situation is so worrying.
The second thing is we were able to push through a principle according to which every time when a member country applies for aid, there will be an assessment on which collateral it can provide, he told reporters in Brussels