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.