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Germany To Maintain Stance Against Eurobonds: Gov Source

From efxnews.com

The German government made clear ahead of Wednesday's summit of EU leaders that it will not give in to any calls to issue Eurobonds to counter the debt crisis. "Eurobonds are not part of the instruments which are suited to cope with the problems that the Eurozone currently faces," a senior German government official said Tuesday. "This is a solid conviction which will not change," he stressed. Eurobonds won't be "part of a growth strategy" for the Eurozone, the source said, because they would clearly violate EU rules. The source also reaffirmed the German government's opposition to allowing the European rescue ... (full story)

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