Merkel Rejects Joint Euro Debt, Promises to Stay Hard Course
This article is for subscribers only.
German Chancellor Angela Merkel told supporters she’ll stand as a bulwark against joint debt in the euro area if she’s re-elected in four days and continue to extract conditions from indebted nations.
Speaking at an election rally of several thousand at a portside warehouse in Hamburg yesterday, Merkel denounced plans that have been supported by the opposition Social Democrats, such as a debt-redemption fund and jointly issued euro bonds to overcome the nearly four-year-old European debt crisis.