Merkel Under Pressure to Say 'Ja' to Euro Bonds[Spiegel Online]
Many think that euro bonds could save the common currency.
Chancellor Angela Merkel hates the idea of euro bonds. But with the European Commission set to present a feasibility study on Wednesday, pressure is mounting for her to change her tune. If she doesn't, say some, the debt contagion will simply continue to spread.
Budgetary discipline. Therein, as German Chancellor Angela Merkel never tires of intoning, lies the key to solving the ongoing debt crisis which continues to spread across the euro zone. But pressure on Berlin to consider other measures this autumn has been intense. And this week, the European Commission is set to make its clearest demand yet that Merkel agree to the creation of so-called euro bonds.
According to media reports, European Commission President Jose Manuel Barroso plans on Wednesday to present three different options for issuing such bonds, which would be backed by the euro zone as a whole instead of by individual members of the common currency area.
Lire : spiegel.de
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