21 August 2011

EUROZONE / GERMANY: Merkel Refuses To Let Markets Dictate Policy...So NO Eurobonds.

                                           NYTIMES / J.Ewing

     Buckle-up...and get ready for more wild market rides...because Chancellor Angela Merkel insists Germany will not support eurobonds...for now.
     Merkel calls them "exactly the wrong answer”.
    She told German television: “The markets want to force us into doing certain things – and that we won’t do.” 
    She added: “Politics cannot and will not simply follow the markets.”