BERLIN (MNI) – German Finance Minister Philipp Roesler on Monday
reaffirmed his opposition to the idea of introducing joint eurobonds in
the Eurozone.
“It would be wrong to simply collectivize public debt,” Roesler
said on the sidelines of an energy conference here.
Earlier today, the German Bundesbank warned that the widening of
collectivized liability risks without more rights to directly intervene
in national budgets would lead to an “increasingly inconsistent
framework of the monetary union.”
“This increases the risk of unsound public budgets and the
potential for conflict with a stability orientated monetary policy is
markedly increasing,” it said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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