Government Analysis Euro Bonds Would Cost Germany Billions

Many prominent politicians are calling for the introduction of jointly issued euro bonds to help combat the European debt crisis. But research conducted by the German government suggests that the bonds would face tough legal challenges, and would cost Germany billions in additional borrowing costs.
The euro sculpture in Frankfurt: Euro bonds would be difficult to introduce.

The euro sculpture in Frankfurt: Euro bonds would be difficult to introduce.

Foto: Frank Rumpenhorst/ dpa
Translated from the German by Paul Cohen