24 Nov '11, 11pm

Euro, stocks fall after Merkel restated her resistance to a common euro zone bond to calm the debt crisis

STRASBOURG - An inaugural meeting between newly-installed Italian Premier Mario Monti and the leaders of France and Germany failed to yield the desired outcome that the markets had hoped for: A consensus on a greater role for the European Central Bank (ECB) in solving Europe's debt crisis. Instead, French President Nicolas Sarkozy appeared to temper his calls for the ECB to play a bigger role, while German Chancellor Angela Merkel also restated her resistance to the idea for common euro zone bonds as a way of calming the debt crisis. Said Ms Merkel: "It would be completely the wrong signal to lose sight entirely now of these differing interest rates, because they are a pointer to where something still needs to be done and where we need to go further." Joint euro bonds would "take us back to where we were before the crisis", she added. Ms Merkel's comments sent European sto...

Full article: http://www.todayonline.com/Hotnews/EDC111125-0000081/Thre...

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