Tuesday, October 04, 2011

Bad Cop Merkel: No Eurobonds For You

Bloomberg reports:
Merkel Says Those Advocating Crisis Endgame Have ‘No Clue’

German Chancellor Angela Merkel stiffened her resistance to joint euro-area bond sales, saying that investors yearning for a single gesture that can end Europe’s sovereign debt crisis now will be disappointed.
She's talking a hard line. When she's done, there will be a eurobond issue.


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