Sovereign Debt in the EU Merkel Defends Tough Stance on Euro Bailouts

German Chancellor Angela Merkel defended her demands for tough new bailout rules on Monday by telling her party she was determined to create a new "culture of stability" in Europe. But other EU leaders are warning that her plan is scaring investors and could reignite the euro crisis.
Angela Merkel holding her speech at the CDU party congress on Monday.

Angela Merkel holding her speech at the CDU party congress on Monday.

Foto: Boris Roessler/ dpa
cro -- with wire reports