Former Merkel Adviser Opposes Euro Bonds, Handelsblatt Reports

Beatrice Weder di Mauro, an economics professor at the University of Mainz and former adviser to the German government, said in a guest commentary in the Handelsblatt newspaper that euro bonds are not necessary to solve Europe’s debt crisis.

Euro-zone rules shouldn’t allow the 17 members of the currency bloc to issue common debt, Weder di Mauro writes in today’s edition. A better solution is to introduce an insolvency and restructuring mechanism for banks and sovereigns, and bridge financing with time limits and conditions attached, she said.

To contact the reporter on this story: Stefan Riecher in Frankfurt at sriecher@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net

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