Alarm in Germany after €6bn bond sale flops

A BOTCHED sale of German bonds rang alarm bells in Berlin yesterday, with opposition MPs accusing Angela Merkel’s government of failing to spell out the true risks of the euro debt crisis to Germans.

Senior members of the chancellor’s Christian Democrats mostly played down the significance of the 10-year bond auction, in which banks ended up buying just €3.64 billion of the €6bn in bonds on offer.

But other politicians were less kind.