Merkel: "Eurobonds are not the solution to the current debt crisis"

The government financially strong Germany led the opposition to the "Eurobonds", seen by some as a logical solution to the debt crisis that has pushed up costs for countries with debt problems. Critics of Eurobonds say costs increase as unfair to countries and might even sound deepen debt problems. "The resolution of the current crisis would not be possible with Eurobonds Eurobonds so are not the answer," Merkel said in an interview with ZDF television. Minister of Finance of the Netherlands said that Berlin expected to remain firm. "Eurobonds are not the solution," Jan Kees de Jager said political German weekly Der Spiegel, saying that would eliminate any incentive for countries in trouble reorganize their budgets and economics.