Merkel Says No to Debt Sharing

Paul Zinken, dapd / AP Photo

German Chancellor Angela Merkel rejected plans to share euro debt Saturday, saying broader economic restructuring is needed to get Europe back on its feet. Market watchers pointed to the slow movement by European leaders to rectify the currency crisis as a cause of economic woes internationally, including a dip in Chinese manufacturing and a poor U.S. jobs report. In a recent appearance, Obama attributed American economic malaise in part to “Europe and the cloud that’s coming over from the Atlantic,” adding that “the whole world economy has been weakened by it.” Merkel has said Germany will participate “under no circumstances” to shared debt in the euro zone.