বুধবার, ২৩ নভেম্বর, ২০১১

EU Commission sees eurobonds as way out of crisis (AP)

BRUSSELS ? The European Commission chief wants to introduce joint eurobonds of the 17 euro nations as an effective way to tackle the financial crisis, an idea which puts him on a collision course with German Chancellor Angela Merkel.

Jose Manuel Barroso said Monday that a eurobonds plan "makes sense" if linked to stringent fiscal rigor among the member states which would to make it impossible for profligate nations to live on the back of budget-conscious countries.

Germany has opposed the principle of eurobonds since it would expose its taxpayers to weaker countries' bad debt. Germany already funds the bulk of the existing bailouts.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111121/ap_on_bi_ge/eu_europe_financial_crisis

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