“The Commission believes we should look also at that option”, Barroso said in an interview. “We are not saying it is immediately. This is a matter that must be discussed, but we should not exclude that option either.” The idea of bonds sold jointly by the euro area’s 17 nations remains alive because unprecedented bailouts by governments and the European Central Bank have failed to stamp out debt concerns that began in Greece almost two years ago and rattled markets. Barroso said the Commission, the European Union’s executive branch, would present eurobond options “very soon”, reiterating a previously-stated timeframe.
“Eurobonds is part of the issue, it’s not the panacea”, Barroso said. He added that euro area members must work to increase economic and fiscal integration to ensure long-term stability. “We have a monetary union but we have not yet the instruments of a full fiscal economic union. It takes time, yes.”
Full article
© Bloomberg
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article