German paper Handelsblatt says Gulf state is considering moves to support the euro
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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
ThatÂ´s just another step supporting Europe through germanÂ´s strong economy which has as well the biggest financial package to shoulder to save countries like Greece and Italy,... but at the same time getting more and more dependant on financial and business influence from outside. Part of globalization development there should at least the balance bewared between the national interests and the welcome engagements of intested states to take part in the german success story.
Might just as well set fire to Qatars money as turn over to EU bankers.