Merkel Adviser Calls Political Union Unrealistic, FAZ Says

A political union in Europe that allows for the joint issue of bonds is unrealistic, Claudia Buch, a member of Chancellor Angela Merkel’s council of economic advisers, told Frankfurter Allgemeine Zeitung.

“Euro bonds in the framework of a political union, with joint control and a surrendering of fiscal powers, would be theoretically an alternative in the long term,” Buch told the newspaper. “But this way seems politically unrealistic.”