The German government has yet to be born, but Europe already has a certainty: Germany will continue to refuse any form of debt sharing with its partners on the Old Continent.
According to what was reported today by the Frankfurter Allgemeine Zeitung newspaper, the parties preparing to form the new "grosse koalition" - namely the CDU-CSU alliance led by Chancellor Angela Merkel and the social democrats of the SPD - have decided to oppose both the project for the Eurobonds, both to that for the public debt redemption fund.
In short, on this point the bipartisan agreement between the two factions that govern the Bundestag reaffirms the more classic German line: each state of the eurozone must be guarantor and responsible for its own debt.
