Qatar looking to invest in EFSF bailout fund - report

German paper Handelsblatt says Gulf state is considering moves to support the euro
Qatar looking to invest in EFSF bailout fund - report
Germanys Angela Merkel, British PM David Cameron. European leaders have held crisis talks on the future of the euro
By Reuters
Fri 09 Dec 2011 01:29 PM

Qatar is considering shoring up the European Financial Stability Facility or other investments to support the euro, German newspaper Handelsblatt reported, citing sources close to the Gulf Arab state's ruling family.

The paper cited one source as saying Qatar's ruling house was aware of the euro's importance for the global economy.

Qatar, which holds stakes in German companies including Hochtief and Volkswagen, is also looking into investing a further 25bn euros ($33bn) in Germany, the paper said, citing sources close to recent talks in Doha between German economic affairs minister Philipp Roesler and the emirate.

The emirate's sovereign wealth fund, the Qatar Investment Authority, was not available for comment.

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