Tag Archives: Eurobond

Mish/ Mike Shedlock – Germany Rules Out Eurobonds For 104th Time; Damned If They Do, Damned If They Don’t – 23 May 2012

I have no idea what the actual number of times Germany Has ruled out Eurobonds. It could be 504 or even 1004. I Made up the number 104 which simply means “a lot”.

Nonetheless, the Eurobond idea resurfaces every other week or so, and every time, someone from Germany (typically Merkel, the Bundesbank, or the Finance Minister) rules them out. Continue reading

EU Commission ready to announce eurobond proposal | euronews, world news

EU Commission ready to announce eurobond proposal | euronews, world news.

My Comment: The EU Commission can propose this. The decision of  the Constitutional Supreme Court of Germany  last week in the matter of Germany’s limitless liability for other countries debt has made clear the parliament of Germany has the last say about doing so or not. Germany’s parliament  already said not to accept Eurobonds and therefore it is not to be. This is the reality now for Merkel and EU in this matter. So a new crisis will start in the EU as the proposal without Germany’s approval will be fatal for the Eurobonds.