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Finance Minister Wolfgang Schaeuble didn’t say Germany will move sooner than expected toward euro bonds with shared liability for debt, a Finance Ministry spokesman in Berlin said today.
Schaeuble’s comments, which had been cited in a Wall Street Journal interview, reiterated the German position that debt mutualization is conceivable at the end of a European integration process, the spokesman said, speaking on customary condition of anonymity.
“Nothing in the German position has changed,” Martin Kotthaus, Schaeuble’s chief spokesman, said according to an e- mailed statement. “At the end of a development toward a true and stable fiscal union, one can talk about joint debt management. But only then.”
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