Die Welt reports today that Germany considering issuing joint bonds with fellow triple A countries France, Finland, Netherlands, Luxembourg and Austria.
Apparently the bonds could be used to finance borrowing, under strict conditions, for the likes of Italy and Spain as well as the “elites.”
The interest rate for the bonds would be between 2 and 2.5%, demonstrably lower than Italy and Spain are having to pay for funds at the present time.
Yet another bloody plan. How much truth lies behind this latest story, who knows.
