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Old 26-05-2012, 12:07   #748
Damien
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Re: Eurozone will collapse...

Quote:
Originally Posted by Osem View Post
http://www.bbc.co.uk/news/world-europe-18193437



http://www.publicserviceeurope.com/e...urobonds-taboo



Further integration seems to be the quid pro quo for German agreement. Not quite the same as Germany being against the idea.
If all debts are pooled and the Eurozone borrows and gets credit as one then you would need further integration. You can't have Eurobonds without further integration. Germany are holding out because they would lose out, they would be brought down to the level of rest and take on more debt for nothing.

Germany's motivation is economic success for their own country.
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