German Chancellor Angela Merkel does not believe in printing money. She is against loose financial policies sought by the politicians of less disciplined and/or less fortunate euro nations. She would be very foolish to agree to Germany's participation in open ended so-called "joint euro-bonds" or to trillions of euros worth of bank deposit guarantees. The threat of joint liability, in any form, is ominous, and would have a catastrophic effect on Germany that would survive the collapse of the euro currency. If Germany guaranteed the bonds of less disciplined euro nations, and those nations refuse to change their ways ... (full story)