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Brussels blog by some wire service journalists

Germany, Commission clash over eurobonds

Merkel and Barroso

By RAF CASERT

BRUSSELS (AP) — Germany and the European Union’s executive arm clashed openly on the need to issue common bonds uniting the 17 euro nations, in another sign that Europe is as divided as ever in dealing with its deepening debt crisis.

As German Chancellor Angela Merkel railed against the proposals from the European Commission in Brussels, her country itself showed a rare moment of weakness when it suffered what many in the jittery markets described as a failed bond auction. And European economic indicators dashed almost any hope that the 17-country eurozone will be able to stave off a recession as confidence continues to sink.

But instead of presenting a united front in the face of adversity, the rift between Berlin and the EU’s headquarters only widened.

READ THE FULL STORY HERE.

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Don Melvin

Slobodan Lekic

Raf Casert

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