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Merkel Reportedly Calls Eurobonds the 'Wrong Path' at CDU Leadership Meeting

© AFP 2023 / BERND VON JUTRCZENKAGerman Chancellor Angela Merkel addresses a press conference on German government's measures to avoid further spread of the novel coronavirus COVID-19, on April 15, 2020 following a video conference with the leaders of the German federal states at the chancellery in Berlin.
German Chancellor Angela Merkel addresses a press conference on German government's measures to avoid further spread of the novel coronavirus COVID-19, on April 15, 2020 following a video conference with the leaders of the German federal states at the chancellery in Berlin. - Sputnik International
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Earlier this month, the German Chancellor rejected Italy's demands for common eurozone bonds to be introduced to help European Union member states tackle the economic crisis caused by the coronavirus.

German Chancellor Angela Merkel told the CDU leadership meeting that eurobonds are the 'wrong path', Reuters reported, quoting some of the participants.

She also reportedly warned the meeting that providing excessive financial support for workers and businesses in Germany could result in Italy and Spain saying that Berlin has enough money.

Earlier this month, Italian Prime Minister Giuseppe Conte suggested that common eurozone bonds should be approved to help European Union member states live through the economic crisis caused by the coronavirus pandemic. Merkel rejected the idea, saying that she does not believe that EU countries should have a common debt and adding that there were other ways to address the problem.

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