Germany’s plan to speed up payments into Europe’s future permanent bailout fund with cash is aimed at securing the highest ratings for its bonds, said a senior lawmaker from Chancellor Angela Merkel’s party.
Common euro bonds would be a “sensible building block” for debt management if fiscal coordination in the euro area were “substantially deepened,” Norbert Barthle, budget spokesman for German Chancellor Angela Merkel’s Christian Democratic Union, told Die Welt in an interview.
Concessions are possible for Greece so long as Prime Minister Antonis Samaras shows a willingness to meet the main targets set out in his country’s bailout program, a senior lawmaker with Chancellor Angela Merkel’s party said.
Chancellor Angela Merkel’s allies in Berlin praised the German leader for ensuring parliament’s right to approve any direct aid to troubled euro-region banks and resisting euro bonds at an overnight European Union summit.
German lawmakers from Chancellor Angela Merkel ’s coalition indicated that they will back a deal struck by euro-area leaders to snuff out the debt crisis, freeing her to focus on campaigning for six state elections.