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Eurobonds; a step too far?

In the ebb and flow of European crisis management, the issue of whether to issue common eurozone bonds comes and goes and right now it’s coming back. By common bonds, we mean debt securities issued for the benefit of all nations, rather than a single nation. But to achieve this, one inevitably needs a degree of political and also fiscal union, something which up to now has been fiercely resisted in most quarters. Would this be a step too far?
Tovább »

15/08/2011 @ 09:52 GMT