BERLIN: Germany on Saturday rebuffed renewed calls that eurozone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
“As long as we don't collectivise financial policy, we also cannot have a uniform interest rate level. The different rate levels are the incentive to run a solid economy or the punishment if you are not running it properly,” Finance Minister Wolfgang Schaeuble said at his ministry's open day.