Financial Times: the SPD leader and former President of the European Parliament Martin Schulz disavowed a proposal he had floated during the euro crisis which had been fervently opposed by Ms Merkel — the idea of mutualising the eurozone’s debts by issuing eurobonds. “The only interesting thing about bonds is James,” he said. He added that the idea had been rendered moot by the creation of the European Stability Mechanism, the euro area’s bailout fund.