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Reply #32: European Union unveils euro bond proposals [View All]

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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 08:57 AM
Response to Reply #13
32. European Union unveils euro bond proposals

European Commission President Jose Manuel Barroso on Wednesday unveiled proposals for jointly-guaranteed euro bonds to serve as part of a solution to the euro zone's deepening debt crisis. Calls for joint issuance of bonds by euro-zone governments still face heavy opposition from Germany, Europe's largest economy. "Implemented in the right way, the joint issuance of debt in the euro area could bring tremendous benefits," Barroso said. "It could lead to greater financial integration and to the creation of a much larger and more liquid bond market - comparable to that which exists" for U.S. Treasurys, he said. Barroso added that euro bonds won't solve the the region's immediate problems and must be accompanied by stronger economic governance.

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