Reuters:Germany mulls "elite bonds" with 5 fellow AAA nations

(Reuters) - The German government is considering the possibility of issuing joint bonds with five fellow triple A euro zone countries that are being referred to as "elite bonds" or "AAA bonds," newspaper Die Welt reported on Monday.

Chancellor Angela Merkel and her center-right government have repeated ruled out collectivizing debt and the introduction of common euro zone bonds.

The conservative daily cited "high European Union diplomats" involved in fighting the sovereign debt crisis saying the Berlin government was nevertheless considering issuing bonds jointly with France, Finland, Netherlands, Luxembourg and Austria.

The joint bonds could be used not only to finance borrowing for those six countries but also could be used to raise funds under strict conditions for countries such as Italy and Spain, the newspaper reported.

The goal would be to stabilize the situation in the AAA countries as well as "building a credible firewall to calm the financial markets," Die Welt said. The interest rate for the bonds should be somewhere between 2 and 2.5 percent -- or only slightly above the level for German government bonds.

The newspaper said the euro zone countries without AAA ratings should not be included initially.

(Reporting By Erik Kirschbaum; Editing by Richard Borsuk)

http://www.reuters.com/article/2011/11/28/us-eurozone-germany-eurozone-bonds-idUSTRE7AR0AH20111128

That must have been an idea by an "Elite Trader"...

 

What the hell is this supposed to be? These Germans are playing too many games with the Euro economy.

 

Anything... to keep from having to make spending cuts.

 

Fuck Off.

 

It wont be true or it wont work or it will take 40 billion calculations and three trips to the moon and back before how to agree is agreed upon..

 

so now they are picking teams? haha

 

and only a week later, Germany and the AAA club are "creditwatch negative"

So long german government pride and "AAA bonds". Will fat a$$ Merkel STFU now ?

 

When do the PIIGS just tell the EU to take a flying fuck?

 

"elite bonds" has a nice ring to it. Personally instead of AAA they should have "super duper".

Letters grades is so 20th century. They don't even use those in school. Maybe "trophy" bonds or use bra size, whoa Double D bonds are Huuugeeee and worth "holding". Naw, triple A is flat bro.

 

Suss----Cooperative/stabilizing ventures never "work" during a bear market. It's almost as if it's the Summer of 2008, all over again. :eek: