Closing the AAA Ranks? Berlin Denies Rumors of Plans for Joint 'Elite Bond'

The move would divide Europe -- according to a press report, Germany and the five other strongest euro member nations are considering the issue of so-called "elite bonds." A German government official has denied the report, but there is mounting speculation that the six nations plan to spearhead closer fiscal coordination.
German Chancellor Angela Merkel and French President Nicolas Sarkozy are reported to be planning joint bonds with four other strong euro nations.

German Chancellor Angela Merkel and French President Nicolas Sarkozy are reported to be planning joint bonds with four other strong euro nations.

Foto: Remy de la Mauviniere/ AP
cro -- with wire reports