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Response to Tansy_Gold (Original post)

Mon May 21, 2012, 11:25 PM

14. Euro area bonds to be discussed at informal EU summit-officials

 

http://www.reuters.com/article/2012/05/20/euro-summit-idUSL5E8GK73C20120520

French President Francois Hollande and like-minded euro zone leaders are expected to promote the idea of mutualised European debt at an informal summit in Brussels this week, increasing pressure on German Chancellor Angela Merkel to drop her opposition to the proposal.

Senior EU and U.S. officials said Hollande raised the topic of euro area bonds - bonds jointly underwritten by all euro zone member states - during G8 talks at the weekend and would again push it when EU leaders meet in Brussels on May 23.

He is expected to have backing from Italian Prime Minister Mario Monti, Spanish Prime Minister Mariano Rajoy and the European Commission, which has long been a backer of euro area bonds, producing a feasibility study on them late last year before the initiative was pushed to the background....

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