German Finance Minister Wolfgang Schaeuble said on Friday that euro bonds "give the wrong incentive because you spend money you don't have on the bills of others" since euro-zone nations don't have a common fiscal policy
He was speaking at a panel discussion at the annual meeting of the World Economic Forum in Davos. Schaeuble also responded to George Soros' criticism of the German push for austerity measures. "I don't agree with George Soros not surprisingly," the German finance minister said. "If you want to create more growth, you can't deliver this only by spending more public money and increasing the deficit. You need structural reform."
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