Merkel-Sarkozy meet disappoints; Eurobonds not a solution

Expectations were running high ahead of the Merkel-Sarkozy meet last night, but the outcome sure has disappointed the Street.

Not only did the duo shoot down any further increase in the eurozone bailout fund, both leaders also ruled out issuing Eurobonds to share responsibility for government debt across member states, reports CNBC-TV18.
Speaking on the occasion, Angela Merkel, the Chancellor of Germany said that Eurobonds were not a solution to the debt crisis.