Alexa
  • Directory of Taiwan

Business leaders urge Merkel to resist eurobonds

Business leaders urge Merkel to resist eurobonds

German family businesses are urging Chancellor Angela Merkel to resist calls for the creation of pan-European government bonds and instead advocating a debt restructuring for troubled eurozone countries.
The association of family run businesses, which says it represents 180,000 entrepreneurs, said in a statement Monday that rejecting eurobonds, stopping any further bailouts and having private creditors share in the cost of debt restructuring will help save the 16-nation currency.
The group says this week's summit of the EU's 27 leaders should decide upon an "imminent debt restructuring" for heavily indebted countries in the trade bloc.
Merkel's government has already rejected the idea of pan-European bonds that had been proposed by others.


Updated : 2021-10-19 10:50 GMT+08:00