Eurobonds Would Make Germans Anti-Europe, Issing Tells Welt

Eurobonds would turn Germans against Europe, former European Central Bank Chief Economist Otmar Issing told Welt am Sonntag in an interview.

Joint bonds would increase the cost of German borrowing, leaving the country’s taxpayers with the bill for a process which would get “out of control” and increase their antipathy toward Europe, Issing told Welt. He added that the crisis was an opportunity to improve the groundwork of the common currency, according to Welt.

To contact the reporter on this story: Alex Webb in Frankfurt awebb25@bloomberg.net.

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

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