German chancellor Angela Merkel has again ruled out the creation of jointly-issued eurozone debt ahead of a crucial summit in Brussels this week.
Merkel said the eurozone would not share total debt liability for "as long as I live" at a private meeting yesterday. The comments were met with applause as Merkel briefed MPs from the Free Democrats party, her junior coalition partner, according to the Associated Press. Several eurozone leaders, including French President Francois Hollande and Italian Prime Minister Mario Monti, have called for the 17-nation bloc to draw-up plans to issue jointly-guaranteed debt in order to reduce borrowing costs for struggling eurozone nations. Merkel played down expectations of a major shift in ...
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