Not Euro-bonds, for goodness sake

BILD comments (26.6.12, p. 2), “Not Euro-bonds, for goodness sake”.

The birds sing it from the treetops – finally! Germany will go bankrupt if it agrees to Euro-bonds. We are on the brink of currency reform. Certainly no Chancellor would wish such a thing during their term of office, but Chancellor Merkel has indeed good excuses, she will stand before the people and say: The other did not want to not save, and the people will believe her, and the entry in the history will conceal the fact that she owed her people a reckoning since her entry into office. Now many of those will remain quiet who will lose their savings, and because the government, instead of making savings itself, promises the states subsidies for kindergarten places and care allowances (in order to get their signature on the ESM/fiscal pact), which can hardly come from the empty state coffers. And BILD comes to the conclusion: “Germany may never guarantee the debts of other countries in the form of Euro-bonds. Not only because we do not want it, but because we simply cannot afford it.” And Mrs. Merkel also adds: As long as she lives (actually, politically, eternally?), there will be no Euro-bonds.
What a shame, BILD – it would have been better if you had said to the people that all this evil begins with the ratification of the ESM/fiscal pact. If these laws come into force, Germany will have given away its savings. Why not write that, Mr. Hoeren (author of this commentary)!