Schroeder Calls for Joint Euro Bonds, ECB Action, Welt Reports

Former German Chancellor Gerhard Schroeder called for the introduction of joint euro bonds to stem the region’s sovereign debt crisis, Die Welt reported.

The European Central Bank should also step up purchases of bonds issued by troubled countries, Schroeder told an audience of German and Russian businessmen in Berlin yesterday, according to the newspaper.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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