ECB WEIDMANN: Greek aid deal avoids debt haircut for the moment

Market news

29 November 2012

ECB WEIDMANN: Greek aid deal avoids debt haircut for the moment

--Public sector taking on other risk w/Greek deal

--It is essential that Greece meet reform commitments

--If not new measures would have no effect

--Greece has still a long way to go

--Greece aid deal must not become model for others

--Legacy bank assets shouldn't be mutualized

--Legacy assets must be covered by member states

Oil rose for the first time in four days

European stocks closed in plus: FTSE 100 5,870.3 +67.02 +1.15%, CAC 40 3,568.88 +53.69 +1.53%, DAX 7,400.96 +57.55 +0.78%

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