Hands off our gold Germany tells Eurozone
Germany will not be providing its gold reserves as collateral for any Eurozone bail out, according to the country's economy minister Philipp Roesler,
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.