August 6, Sigma Gabriel, Germany's opposition Social Democratic Party first publicly announced, in Germany it is necessary to hold a referendum on the constitution be modified to remove policy barriers for the establishment of a European fiscal union and to issue euro-denominated debt.
Gabriel is also the German Government's current response to the policy of the euro zone crisis criticism that if Europe does not timely shots to create a public fiscal policy to support monetary union, monetary union will collapse.
Debt crisis in Europe has entered a new deeper stage, Spain and Italy to apply for assistance is an urgent need. However, because of German objections, the European Central Bank, France, Italy and Spain, proposed a series of coping strategies have been Germany's opposition or set aside. A growing number of critics believe that the selfish doctrine practices in Germany, Europe's debt crisis deepened and spread.
In this context, the German opposition parties once again played a proposal for the issue of euro-denominated debt, which will be Chancellor Angela Merkel led the ruling party constitute the new pressures and threats. The move will Merkel ruling party into a corner, it had to hold a referendum to amend the German constitution to pave the way for Germany the first to clear the legal policy barriers to the implementation of the budget of sovereignty to the European Commission. If the opposition parties plan can be implemented smoothly, will help it win the general election next year. Merkel will face a dilemma.
Support from an international point of view, the German opposition parties against the euro bonds will undoubtedly, the West, meaning a great deal of support. Merkel has long been an open and a major excuse for their naysayers, that is, the strength of domestic opposition too strong. Now the opposition once again publicly declare their support, more or less let Merkel in front of France, the West, which means the loss of some lung.
The Merkel government has moved quickly on the proposal of the opposition parties to fight back the criticism of its home German national interests regardless of, and may lead to Germany for their European currency debt to pay. ECB to buy government bonds of heavily indebted countries, the German government has quietly changed the attitude that the ECB all initiatives are in line with its functions. This is actually the ECB actively intervene in the bond market to buy the Spanish and Italian government bonds, and optionally open a "green light".
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