Germany will not be providing its gold reserves as collateral for any Eurozone bail out, according to the country's economy minister Philipp Roesler,
He is reported to have told German TV station ARD that "The German gold reserve must be untouchable."
Angela merkel's spokesman, Steffen Seibert has said similar things.
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The idea to tap Eurozone countries' gold reserves was apparently raised at the Cannes G20 summit last week but appears at this stage to be off the table, although in the current storm sweeping through Europe, previous red lines can be crossed extremely quickly.
BS
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