“Update 2: In her own words – dispelling rumors of new instruments: “In view of the current difficulties, it’s important to emphasize that we havecreated the instruments of support in the euro zone, that Germany is ready to work with these instruments whenever that is necessary and that this is an expression of our firm desire to keep the euro area stable,”
Update: here is the counterrumor, just as expected courtesy of the summer and fall of 2011: Merkel willing to back use of EXISTING Euro-area instruments… Where Euro-Bonds just happen not to figure.
Just out from Bloomberg:
- MERKEL SAYS GERMANY READY TO BACK USE OF EURO-AREA INSTRUMENTS”
