BERLIN (MNI) – The meeting between German Chancellor Angela Merkel
and French President Francois Hollande on Wednesday will not produce any
concrete decisions, a German government spokesman said Monday.
“This is a date for exchanging views and not for decisions,”
spokesman Steffen Seibert said at a regular press conference here. The
two leaders want to discuss the upcoming EU summit this week, he said.
Seibert reaffirmed Germany’s opposition to joint debt issuance in
the Eurozone as long as no real fiscal union exists. This would violate
EU treaties and the German constitution and go against “the deep
political and economic convictions” of the German government, he said.
German Finance Minister Wolfgang Schaeuble told German ZDF public
television on Sunday “money alone or bailouts or any other solutions, or
monetary policy at the ECB — that will never resolve the problem.”
Rather, the root causes of the debt crisis needed to be dealt with, he
insisted.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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