Headline: Germany's Merkel renews rejection of eurobonds
German Chancellor Angela Merkel insisted Sunday that eurozone-wide government bonds wouldn't solve the current debt crisis, and said she sees no sign of a new recession in her own country -- Europe's biggest economy.
Financially solid Germany's government has led opposition to "eurobonds," viewed by some as a logical solution to the debt crisis that has pushed up troubled countries' borrowing costs.
Their rejection last week by Merkel and French President Nicolas Sarkozy hasn't stopped advocates -- in Germany's opposition and elsewhere in Europe -- pushing for them. Critics say they would raise costs unfairly for solid countries and could even deepen debt troubles.
Source: finance.yahoo.com
