Europe's Conservative Leaders Call for Conditions on Bailouts
Sunday, 6 March 2011 | 
European Affairs
Europe's conservative leaders, meeting here Friday to plot a response to the Continent's persistent sovereign debt crisis, said they were committed to pushing tough economic reforms as the price of aid to weak states.
They also made clear that private investors who lend to euro-zone countries would, in the future, face losses if those countries got in trouble. So far in Europe's bailouts, taxpayers have paid the entire cost.
"We have to make sure there is really a concrete risk to lose money," said Jyrki Katainen, Finland's deputy prime minister and the gathering's host.
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