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Ms. Merkel said shared debt liability within the euro zone was "economically wrong" and "counterproductive".
Mount Sinai and New York University Medical Center have a shared debt of $700 million.
Shared debt can work only if there is shared decision-making over budgets, taxes and pensions, she says.
Then, the Bundesbank chipped in, saying the eurozone could cope without Greece anyway: The word of the day was 'eurobonds' -- shared debt to push down borrowing costs in the periphery.
If a couple has shared debt, each is individually liable for it regardless of who incurred it during the marriage.
Once again, she rejected jointly issued euro bonds or other forms of shared debt, which several leaders, including President François Hollande of France, have called for.
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Angela Merkel, the German chancellor, used uncommonly strong language when she rejected the idea for common Eurobonds by saying Europe would not share debt liability "as long as I live".
In her remarks to the Bundestag, Ms. Merkel argued, to applause from across the political spectrum, that various proposals of how to share debt would not be permitted under Germany's constitution.
They have proposed that the currency union have its own finance ministry, and that member states cede control of their budgets to some central authority and ultimately share debt.
LUXEMBOURG — Euro area countries must share debt and use rescue funds to recapitalize troubled banks directly to ensure the survival of the currency union, Christine Lagarde, the managing director of the International Monetary Fund, said late Thursday.
Cameron regards banking union and a commitment to share debts between eurozone countries as indispensable, but possibly politically unobtainable.
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