Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AP News

Germany reiterates opposition to banking license

BERLIN (AP) — German Chancellor Angela Merkel has underlined her country's resistance to an idea to help lower other European countries' borrowing costs — giving the region's permanent rescue fund a banking license.

Speaking to the press following a meeting with Italian premier Mario Monti Wednesday , Merkel repeated her government's resistance to the idea, which would allow the European Stability Mechanism to borrow from the European Central Bank and enable it buy up more of a country's bonds.

Merkel also praised Rome's reform efforts adding that she sees them as "the significant contribution" to bringing down the high borrowing costs from which Italy is suffering.

Monti says that Italy is making good progress and markets are beginning to honor that.

blog comments powered by Disqus