German lawmakers should get monthly, easy-to-read status reports on financial risks to the German tax payer stemming from the euro region’s sovereign-debt crisis, Christian Social Union lawmaker Johannes Singhammer told Sueddeutsche Zeitung.
The reports should state up-to-date figures on liabilities from the financial backstops, the European Financial Stability Facility and the future European Stability Mechanism, the newspaper cited the deputy parliamentary group leader as saying.
They should also notify risks from two programs for Greece, aid provided by the International Monetary Fund, bond purchases by the European Central Bank and from the liabilities of the central banks of Greece, Italy, Portugal and Spain within the system of European central banks, Singhammer told the newspaper.
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