BERLIN (MNI) – Germany strictly rejects the idea of issuing joint
eurobonds to support ailing Eurozone member states, Volker Kauder, the
leader of Chancellor Angela Merkel’s center-right CDU/CSU parliamentary
group, said in a television interview aired Thursday.
“The discussion about eurobonds is completely out of place,” Kauder
told German ARD public television. “We have to stick to the principle
that no state is taking over the debt of another state,” he stressed.
The lawmaker noted that this principle is enshrined in the Lisbon
Treaty. He warned that the German Constitutional Court will pay close
attention to whether or not Germany adheres to the rules of the treaty.
Kauder also rejected criticism by Eurogroup chairman Jean-Claude
Juncker, who argued in a newspaper interview published Wednesday that
Germany had discarded the possibility of eurobonds without closely
studying the proposal.
Juncker “knows very well that we cannot agree to eurobonds, thus,
such a discussion is not instrumental,” Kauder said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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