i on europe

Icon

Brussels blog by some wire service journalists

Merkel rejects Commission push for eurobonds

By  GEIR MOULSON

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.

Merkel

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.

READ THE FULL ARTICLE HERE.

Advertisements

Filed under: Story links

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Don Melvin

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Slobodan Lekic

Raf Casert

%d bloggers like this: