The leaders of France and Germany disappointed financial markets Tuesday by ruling out issuing euro bonds to fix Europe's debt crisis. Instead, they agreed to float proposals in September for a tax on financial transactions and push for closer joint governance of economic policy. Many experts say the only way to ensure affordable financing for the bloc's most financially distressed countries would be for the euro area to issue joint eurobonds. But both French President Nicolas Sarkozy and German Chancellor Angela Merkel said they believed euro bonds were not part of the solution to Europe's debt crisis...Sarkozy and Merkel also proposed that all 17 euro zone countries commit to balanced finances and write that goal into their constitutional law by summer 2012. Among other measures announced, he said they would also seek to ensure better cross-border economic government for the euro zone via twice-yearly meetings of leaders and the creation of a two-and-a-half-year presidency to steer this forum. [CNBC, earlier]
Greek Prime Minister Alexis Tsipras Isn't Going To Literally Say "Angela Merkel And Her Cohorts Are Trying To Blackmail Me"
He's still going to throw the word "blackmail" down *and* lay it on thick about how the founding fathers of the EU would be extremely disappointed about the current situation.
Angela Merkel Let In A Million Refugees And Now Wolfgang Schäuble Can’t Yell At Greeks Anymore
Don’t worry: His replacement might be even yellier.
German/Greek Couples Make Out Ahead Of Bailout Talks, Hope Merkel/Tsipras Will Take Their Lead
Figuratively if not literally, though literally would work, too.