Germany Considering Euro Zone Bonds

This is big news for the Euro and the debt crisis. Expect some details on tuesday with the Merkel Sarcozy meeting.

“In case of emergency, one would thus even be prepared to accept the introduction of a ‘transfer union’ and at the end of the day even joint euro zone bonds.

“Without these euro bonds, it might no longer be possible to save the euro zone,” the newspaper continued, further quoting the source indirectly. “The path we’ve taken so far with multi-billion rescue packages for financially struggling states is beginning to reach its limits.”

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