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Berlin's Brandenburger Gate: Germany holds firm on debt mutualisation (Photo: Wolfgang Staudt)

Germany stays tough on eurobonds, opens up on Spain

German Chancellor Angela Merkel has again rejected the idea of joint debt, but her government is reportedly looking at ways to give direct aid to Spanish banks.

Speaking at a closed gathering of her Liberal coalition partners on Tuesday, Merkel reportedly said: "I don't see total debt liability as long as I live." Some of the people in the crowd then wished her a "long life", participants to the event told several news wires and Spiegel Online.

Her spokesman later that day refuse...

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