Roesler Rejects Euro Bonds in ‘Whatever Form,’ Tagesspiegel Says

German Economy Minister Philipp Roesler said he rejects joint euro-area bonds “in whatever form,” Germany’s Tagesspiegel newspaper reported.

Roesler, chairman of Chancellor Angela Merkel’s Free Democrat coalition partner, said his party won’t support any kind of euro bonds or “elite bonds,” the newspaper said.

The minister said the path to currency stability consists of intensified and automatic penalties for states who break debt rules, the Tagesspiegel reported.

To contact the reporter on this story: Patrick Donahue in New York at pdonahue1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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