Irish Prime Minister Brian Cowen said comments from some European leaders have complicated his government's efforts to tackle its financial crisis. Meanwhile, leaders from across the EU aimed to reassure bondholders that they would not have to take a writedown on investments. "Whatever the debate within the euro area about the future permanent crisis resolution mechanism and the potential private sector involvement in that mechanism we are clear that this does not apply to any outstanding debt and any programme under current instruments," according to a statement by Germany, France, Italy, the UK and Spain.

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