Germany has pledged to defend the euro as a political project, rejecting euro bonds and other devices to boost the common currency.

    “Anybody who wants to destroy the euro will realize that he cannot succeed against us and our partners,” German Foreign Minister Guido Westerwelle told The New York Times. The euro “is more than just a currency made of paper and metal. It is a currency of peace, a political project that also strengthens us in a time of globalization in comparison with many of our competitors.”

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.