Well, Merkel had a conservative party resolution only lately denying any Euro bonds. Now, she is obviously proven loona by the EU commission that is going fast in introducing EU bonds. Merkel is appearing ridiculous - and she obviously doesn't recognize it. Well, it is transparent the flames are already reaching higher than thought. What Merkel is ignoring is that Germanys rate is already under pressure as well. In an auction that offered bonds worth 6bio only 3.8 bio got sold. Clock is ticking. And don't ask for the number of tons of semtex included I guess.
I think what German conservatives don't like is that there are only 2 options: unite or exit. The thing in between is too vulnerable.
NEW YORK (CNNMoney) -- When it comes to ideas to solve to Europe's debt crisis, nothing seems to stick. And that's the case with the latest one.
On Wednesday, the European Commission unveiled aplan detailing three options for so-called eurobonds, which would effectively pool the debt of the 17 eurozone countries.
While the EC's paper is not a formal proposal, the commission said it has decided to launch a "broad consultation" to seek the views of relevant parties and the advice from other institutions.
Eurobonds are controversial. Experts still aren't convinced any of the ideas would work -- or ever garner enough political support to move forward.
The idea has been floating around for months, with little support from the stronger eurozone countries, like Germany.
German Chancellor Angela Merkel has maintained strong opposition to eurobonds, even calling them the "absolutely wrong" way to defuse the European debt crisis. She reiterated those sentiments Wednesday, and criticized the EC for focusing on the idea.
Still, EC President Jose Manuel Barroso is confident that the ideas may gain some traction.
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