German vice chancellor: no to eurobonds
Sunday, August 21, 2011
BERLIN (AP) — Germany’s vice chancellor is insisting his country’s government will hold out against any moves to create eurozone-wide government bonds.
Chancellor Angela Merkel and France’s president have rejected talk of so-called eurobonds, viewed by some as a logical solution to the debt crisis that has pushed up troubled countries’ borrowing costs. But that hasn’t stopped advocates — in Germany’s opposition and elsewhere — pushing for them.
Merkel’s junior coalition party, the Free Democratic Party of vice chancellor and Economy Minister Philipp Roesler, has been particularly outspoken in opposing the idea.
Roesler was quoted Saturday as telling the Bild am Sonntag newspaper: “I rule out there being eurobonds with this government. The FDP stands for that.”
He added: “eurobonds are the wrong signal to weaker economies.”