Germany staunch in opposition to eurobonds
Juergen Baetz - The Associated Press
French President Francois Hollande talks with German Chancellor Angela Merkel during the NATO Partners meeting at the NATO Summit, Monday, May 21, 2012, in Chicago.
At Wednesday's informal meeting of the EU's 27 leaders in Brussels, newly elected French President Francois Hollande is expected to push for so-called eurobonds, which can be used to fund investments or boost banks' capital reserves.
But Germany argues they would lessen the pressure on heavily indebted countries such as Greece or Italy to get their finances in order and likely raise borrowing costs for countries in better shape, such as Germany, Europe's biggest economy.
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