Call for Gold Reserves as Collateral in EU

Source:

"A leading member of Chancellor Angela Merkel's government called for EU members to use gold reserves as collateral for future bailouts."

DPA

A leading member of Chancellor Angela Merkel's government called on Tuesday for cash-strapped eurozone members to use their gold reserves as collateral for any future bailouts.

Labour Minister Ursula von der Leyen said in the future that money from the European Union-led rescue fund should only be paid out when the states receiving the assistance provided collateral. . .View full article

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