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Germany says bondholders must share risks from 2013

BERLIN, Nov 12 (Reuters) - Private investors in euro zone sovereign bonds must take part in loss risks from 2013 though they should be protected from such risks until then, German Vice Chancellor Guido Westerwelle said on Friday. Westerwelle said that when the euro zone's current safeguard mechanism ends in mid-2013 it was "imperative" that private creditors share in the risks of default. "It can't be that taxpayers remain on the hook forever. Those making the profits must be involved in bearing the risk of losses," Westerwelle told reporters in Berlin. (Reporting by Dave Graham and Sabine Siebold) Keywords: EUROZONE GERMANY/BONDS (paul.carrel@thomsonreuters.com; +49 30 2888 5214; Reuters Messaging: paul.carrel.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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