German chancellor calls joint euro-area bonds wrong way to achieve greater integration.
By Tony Czuczka and Patrick Donahue, Bloomberg|June 27, 2012 at 05:08 AM|Originally published on Treasuryandrisk.Com
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German Chancellor Angela Merkel shut the door to joint euro-area bonds as a means of lowering Spain’s borrowing costs, saying they are the “wrong way” to achieve the greater European integration needed to stem the debt crisis.