German finance ministry: Govt rejects EU’s plans for new Eurobonds

The German finance ministry came out with a statement on Friday, rejecting overnight report from a German daily, Handelsblatt, which stated the European Commission (EC) is planning to launch Eurobonds.

Key Points:

German finance ministry says Govt rejects the idea of Eurobonds

Is doubtful there would be sufficient demand for such financial instruments, particularly in crisis situations