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11/26/11
Germany slams Barroso joint bonds as irresponsible by Erik Kirschbaum
Roesler, German Vice Chancellor and also Economy Minister, said in a radio interview that European Commission President Jose Manuel Barroso made a mistake last week by suggesting euro zone bonds could be issued once new, intrusive laws to ensure budgets of euro zone countries do not break EU rules are in place.
"I find it irresponsible of Mr. Barroso to re-open this discussion on euro zone bonds again," Roesler told Berlin's InfoRadio network, using language that went beyond Chancellor Angela Merkel's term "extraordinarily inappropriate."
Roesler, leader of the Free Democrats (FDP) junior coalition partners to Merkel's conservatives, said joint bond issues would be wrong for Germany and Europe because they would ease the pressure on indebted countries to reduce their deficits.
For more: Germany slams Barroso joint bonds as irresponsible | Reuters
Labels:
EU,
euro zone bonds,
Germany,
Jose Manuel Durao Barroso
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