Merkel says euro bonds would damage Europe

UPDATE: German Chancellor Angela Merkel continues to refuse to back an expanded ECB role, as she pushes her demand for tighter economic ties in Europe as the only way forward.

1st December, 2011
Merkel says euro bonds would damage Europe
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Chancellor Angela Merkel said jointly issued bonds could be “damaging” for Europe and the European Central Bank must operate free of “praise or criticism,” according to Westdeutsche Zeitung.

“I personally and the entire government view euro bonds in this phase of European development as the wrong solution, even damaging,” Merkel told the newspaper. “Our European partners

know this and not a few of them see it exactly as...

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