Bloomberg News

Merkel Says Joint Euro Bonds Would Be ’Completely Wrong Signal’

November 24, 2011

Nov. 24 (Bloomberg) -- German Chancellor Angela Merkel said that joint euro bonds would send a “completely wrong signal” in part because they would immediately lead to a convergence of interest rates in the euro region.

“This would take us back to where we were before the crisis,” Merkel said in comments today at a press conference with Italian Prime Minister Mario Monti and French President Nicolas Sarkozy in Strasbourg, France.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: Leon Mangasarian at lmangasarian@bloomberg.net


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