Germany’s Fuchs Says Countries Should Sell Gold, WiWo Reports

Michael Fuchs, the Christian Democratic Union’s deputy leader in Germany’s parliament, said the southern European “crisis countries” should sell part of their gold reserves, WirtschaftsWoche reported.

With the proceeds, the countries should then buy back their own “weakening” government bonds, the magazine cited him as saying, according to an e-mailed preview of an article that will appear in tomorrow’s edition.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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