And it signals growing scepticism over the shared currency in Germany as voters become increasingly concerned by member states' crippled economies.
German bank ING-DiBa AG, based in Frankfurt, a subsidiary of the Dutch ING Group, says Mrs Merkel's stance is a potential vote winner.
And her Socialist rival Martin Schulz will all but shoot himself in the foot if he continues to push for all Euro-using states to share accumulated debt burdens.
Angela Merkel is changing her tune to appeal to the public
To many observers, the campaign could sound like two tales of one economy.
Carsten Brzeski, ING-DiBa AG
Carsten Brzeski, the bank's chief economist says the Chancellor's anti-euro debt stance will “will definitely help" and is “one of many arguments to discredit Schulz during the campaign”.
He added: "We expect the economy to become an important topic in the election campaign.
"While Angela Merkel’s CDU is likely to emphasise strong economic fundamentals, the SPD and front-runner Martin Schulz will probably try to criticise shortcomings of the current growth performance.
Merkel has been meeting with IMF chief Christine Lagarde
"To many observers, the campaign could sound like two tales of one economy.
"Although the structural reforms of the past have long been worn off, the ultra-loose monetary policy of the ECB with low interest rates and a weak euro combined with higher government consumption on the back of the influx of refugees are artificially extending the current golden cycle.
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"Schulz could force Merkel and the CDU to give more insights in their plans for the future of Europe and the Eurozone. In our view, the main topics deciding the elections will probably be internal security, the refugee crisis, although ebbing away, social justice and the economy."
Protestors fly a flag with Mrs Merkel's trademark hand sign as they protest at her leadership
The controversial Euro Bonds mutualisation scheme is a strategy supported by some state leaders which they claim will help diffuse the crisis currently engulfing the bloc.
It has been talked about for decades but last rose to prominence in 2011 when just 17 member states used the euro.
French president François Hollande fought hard for the debt instrument to be created alongside Spain's PM Mariano Rajoy.
They tried to persuade the Germany, Finland and Austria that eurobonds were a good move insisting it would allow closer union and would help to subsidise Greece, Portugal, Ireland, Spain and Italy who are all continuing to struggle.
While the idea has never got off the ground largely to Angela Merkel's reluctance; the issue is now fully back on the agenda as voters get set to go to the polls on September 24 potentially electing Merkel to a fourth term in office.
Last month Peter Tauber, the Christian Democratic (CDU) general secretary and Mrs Merkel's campaign manager, slammed former European Parliament president Martin Schulz over his stance.
He said: "He is the man who was for a mutualisation of debt and the man who wanted to allow Turkey to join the European Union."
Last November, a European Union survey found just 24 per cent of German voters questioned said they were in favour of the scheme.
The news comes just weeks after Chancellor Merkel hinted for the first time that she believes the country's former currency the Deutsche Mark is more valuable than the Euro.
In a telling statement issued during the visit of US vice-president Mike Pence to Munich, Frau Merkel revealed even she is becoming concerned with the European wide currency.
Martin Schulz has got some serious things to be worrying about namely the euro
The 63-year-old Christian Democrats leader, who is facing being booted out of office over her failed policies, said she believed the country's former currency would have a "different value" if it was still in place.
And she implied her country's involvement in the single currency, which is used by 19 of the 28 member states of the European Union, is propping up less productive economies.
During a press conference Mrs Merkel said: "We have at the moment in the eurozone of course a problem with the value of the euro.
Federal Chancellor Angela Merkel met the Irish Prime Minister Enda Kenny recently
"The ECB has a monetary policy that is not geared to Germany, rather it is tailored (to countries) from Portugal to Slovenia or Slovakia.
"If we still had the (German) D-Mark it would surely have a different value than the euro does at the moment.
"But this is an independent monetary policy over which I have no influence as German chancellor."
The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar and it has the highest combined value of banknotes and coins in circulation in the world.
The Deutsche Mark, colloquially known as the D-Mark, which was introduced under Allied occupation in 1948 to replace the Reichsmark.
That currency however was completely replaced 15 years ago as the monetary agreements in the 1992 Maastricht Treaty were implemented across member states.
'MERKEL MUST GO': Brussels protest against German Chancellor
Tue, February 14, 2017
Angry campaigners held placards with slogans reading 'Merkel not welcomed' and 'Merkel must go' following a spate of terror attacks against Germany.
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Protest on the sidelines of Angela Merkel's official visit in Brussels
The euro has fallen nearly 25 per cent against the dollar over the past three years, touching a 14-year low of $1.034 in January.
The euro was established by the provisions in the 1992 Maastricht Treaty.
Member states were supposed to meet strict criteria including having a budget deficit of less than three percent of their GDP, a debt ratio of less than sixty percent of GDP, however both of these requirements were actively ignored to allow countries to enter.