The Return of 'Madame Non' Why Merkel Remains Opposed to Euro Bonds

There were some who thought that Angela Merkel might soon soften her stance on euro bonds. But on Thursday, the German chancellor once again emphasized her opposition. Why, though, is Berlin so adamantly opposed to issuing joint euro-zone debt? SPIEGEL ONLINE offers an overview.
Chancellor Angela Merkel doesn't like euro bonds.

Chancellor Angela Merkel doesn't like euro bonds.

Foto: JOHN THYS/ AFP