i on europe


Brussels blog by some wire service journalists

Merkel rejects Commission push for eurobonds


BERLIN (AP) _ German Chancellor Angela Merkel rejected a new push by the European Commission for bonds issued jointly by the 17 euro nations, saying Tuesday they wouldn’t resolve the debt crisis and now is the wrong time to discuss them.


She appeared to be joined in her resistance to immediate talk of so-called “eurobonds” by eurozone chief Jean-Claude Juncker and Herman Van Rompuy, president of the European Council, which is made up of the

27 European Union heads of government.

Van Rompuy’s comments appeared to show a difference in emphasis between himself and Jose Manuel Barroso _ the president of the Commission, the EU’s executive branch.

Barroso is expected to call strongly on Wednesday for eurobonds as an effective way to combat the debt crisis. But Van Rompuy said such sharing of public debt could be imagined only as the end result of a long process such as that which created the euro currency itself.



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