September 8, 2011 / 10:01 AM / 6 years ago

German EconMin: court verdict rules out euro bonds

BERLIN, Sept 8 (Reuters) - German Economy Minister Philipp Roesler said on Thursday the constitutional court’s ruling on euro aid made it clear that joint euro zone bonds were not an option.

Addressing left-wing opposition parties in the Bundestag lower house of parliament, Roesler said: “You continue to talk up euro bonds although the constitutional court yesterday made it clear that as transfer union such as the one you propose on the left will never be possible, never be allowed.”

“We don’t want it politically, either, and we will not let the German taxpayer be obliged to pay for the debt of other countries,” he said in a parliamentary budget debate.

Germany’s top court handed the country’s parliament a greater say over euro zone bailouts on Wednesday, in a closely-watched ruling that could hamper Berlin’s ability to act swiftly to counter a debt crisis that has plagued the currency bloc for two years. (Reporting By Stephen Brown and Sarah Marsh)

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