– Francois Hollande, French President
Italy has launched an idea which is worth looking at. The idea is the following: that virtuous countries - like Italy, which has taken steps to address its public accounts, can finance their debt at interest rates that are not in line with those countries that are seen to be not making efforts. We are looking for ways to use the ESM for this. At the moment it is just an idea, not a decision. It is part of the discussion.
Eurozone members of the G20 may use a permanent bailout fund to buy the debt of member states in financial trouble to help bring down borrowing costs. France says it is currently "an idea, not a decision".