Fiscal Committee Meets Resistance from Merkel

Fiscal Committee Meets Resistance from Merkel Play

June 26 (Bloomberg) -- Mike McKee reports that Spanish and Italian bond yields are rising again, approaching unsustainable ranges and causing concern. A hand-picked committee has put together a proposal to adapt fiscal authority in Europe, but is meeting resistance from German Chancellor Angela Merkel. McKee joins Mark Crumpton on Bloomberg Television's "Bottom Line."

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