Bloomberg News

Schaeuble Didn’t Say Germany Will Ease Stance on Euro Bonds

June 28, 2012

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.”

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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