Euro: Paris and Berlin unite against euro-bonds

10 December 2010 – Presseurop Le Figaro
, 10 December 2010

“Sarkozy and Merkel determined to save the euro,”reassures Le Figaro on the day of the13th Franco-German Ministers Council in Freiburg. “Widely criticised for her handling of the debt crisis, Angela Merkel can at least count on Nicolas Sarkozy to back her up,” adds the French daily. The French president is seconding the chancellor’s opposition to the creation of “euro-bonds”, an idea championed by Eurogroup president Jean-Claude Juncker and Italian finance minister Giulio Tremonti to mutualise European debts. Luxembourg PM Juncker calls the objections “anti-European”. These jousts between eurozone leaders “bode ill for the upcomingEuropean Council meeting on the debt crisis” to be held on 16/17 December, fears Le Figaro.