Merkel's alleged debt remark hits stocks, euro
6/26/12 11:55 AM ET (MarketWatch)Print
FRANKFURT (MarketWatch) -- U.S. stocks weakened and the euro fell Tuesday after Reuters reported that German Chancellor Angela Merkel was quoted as telling members of a party in her ruling coalition that Europe wouldn't have shared total debt liability "as long as I live." The report said the comments were reported by participants in a meeting with members of the Free Democrats, the junior member of Merkel's coalition government. U.S. equities initially dipped after the report before rebounding, while the euro extended a loss. U.S. equities are now mixed, while the euro remains lower versus the dollar at $1.2463, down from around $1.2501 in North American trade late Monday.
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