Merkel says eurobonds aren't an option

German Chancellor Angela Merkel said financial markets won't be allowed to dictate policy, as she again rejected the idea of issuing common euro-zone bonds. "At this time -- we're in a dramatic crisis -- eurobonds are precisely the wrong answer," Merkel said. "They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt."

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