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Merkel rejects European Commission push for bonds

Merkel also underlined her resistance to growing calls for a major bond-buying campaign by the European Central Bank. Merkel also underlined her resistance to growing calls for a major bond-buying campaign by the European Central Bank.
By Geir Moulson
Associated Press / November 23, 2011
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German Chancellor Angela Merkel rejected a new push by the European Commission for bonds issued jointly by the 17 euro nations, saying Tuesday they wouldn’t resolve the debt crisis and now is the wrong time to discuss them. She appeared to be joined in her resistance to immediate talk of so-called “eurobonds’’ by eurozone chief Jean-Claude Juncker and Herman Van Rompuy, president of the European Council, which is made up of the 27 European Union heads of government.

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