EU finance ministers and officials

Wed Nov 30, 2011 11:16am EST
 
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BRUSSELS (Reuters) - European Union finance ministers and officials meet in Brussels on Wednesday to discuss plans to deal with the sovereign debt crisis.

Following are highlights of comments ahead of the discussions:

GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE ON THE GREEK PROGRAMME

"I have taken the opportunity to lay great emphasis that the negotiations about a new Greek program should be concluded this year if possible."

ON IMF

"We are prepared to increase the resources of the IMF through bilateral loans. Naturally, the details would have to be discussed. Naturally, it is the central banks in the end.

"Bilateral loans are possible in principle. If the IMF wants to widen its freedom to take action by increasing the special drawing rights, then we are prepared to talk about it. But, to be clear, this is about IMF instruments."

ON EFSF LEVERAGING

"The extent of the leveraging can only be announced when it in connection with a specific measure."   Continued...