Merkel rejects idea of issuing Eurobonds

Note: This section contains information in English only.
Source: Xinhuanet
© Scanpix/AP

German Chancellor Angela Merkel refused the idea of issuing Eurobonds offered by European Commission. Merkel emphasized that the creation of Eurobonds will not pull the region out of debt crisis. German Chancellor also criticized European Commission's inappropriate switching to Eurobonds proposal, as it gives other countries misleading signal that more borrowing could resolve the crisis.

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