GERMANY'S MERKEL SAYS EU SUMMIT WILL NOT MAKE ANY CONCRETE DECISION ON GREECE
CONFIDENCE VOTE IN GREECE IMPORTANT STEP, BUT ATHENS MUST NOW PUSH THROUGH AUSTERITY PACKAGE
WANTS VOLUNTARY, SUBSTANTIAL, QUANTIFIABLE CONTRIBUTION FROM PRIVATE SECTOR TO GREEK AID DEAL
NOT POSSIBLE TO DEMAND PRIVATE SECTOR CONTRIBUTION IF ECB IS NOT IN AGREEMENT ON METHOD
CAN ONLY WARN AGAINST DISORDERLY DEFAULT
NO ONE KNOWS WHO HOLDS CDS, WHO WOULD HAVE TO PAY WHAT UNDER GREEK CREDIT EVENT
DEFAULT WOULD UNLEASH CONTAGION THAT SHE DOES NOT WANT TO BE RESPONSIBLE FOR
GREEK HAIRCUT COULD FORCE COUNTRIES UNDER EFSF THAT CURRENTLY HAVE NO PROBLEMS
VOLUNTARY PARTICIPATION OF PRIVATE CREDITORS ONLY SUPPORTED BY FEW COUNTRIES IN EUROPE
ECB DECIDED ON VOLUNTARY BASIS TO BUY EURO ZONE PERIPHERY BONDS
GOVTS DID NOT IN ANY WAY FORCE ECB TO BUY PERIPHERAL BONDS