Most Recent Stories

Merkel: No Eurobonds for You!

Well, this seems to be the line she’s holding.  According to Reuters, there will be no Eurobonds any time soon:

(Reuters) – Germany’s Angela Merkel was quoted as telling a meeting of one of the parties in her coalition on Tuesday that Europe would not have shared total debt liability “as long as I live”.

The chancellor said there would be no shared liability of debt in Germany either – after her government agreed plans with federal states to issue joint “Deutschland bonds” – in comments reported by participants in a meeting with the Free Democrats (FDP), junior partners in her centre-right coalition.

So expect more indecisiveness, more uncertainty, more depression and more trying to make Europe fit in a currency union that is unworkable as is.

Comments are closed.