Dragi suggested the EU go into debt and invest. “This is not on the agenda of the day,” the Germans said.

The long and tensely anticipated plan by former Italian prime minister and ex-president of the European Central Bank (ECB) Mario Draghi has run into stiff resistance from Germany. The country's finance minister, Christian Lindner, drafted a 400-page document saying Germany would not pay and go into debt at the expense of the European Union. He was mainly critical of common issue bonds, Bloomberg news agency reports. Joint debt is simply not on t…