Britain should bite the bullet and back a eurobond

Commentary feature. If issuing single currency debt (eurobonds) is in German interests, same applies to the United Kingdom, writes Chris Giles.

Britain prides itself on coming to the aid of continental Europe at times of crisis. Now is one of those moments. With a proposal for Britain’s limited involvement in eurobonds, the UK Chancellor of the Exchequer George Osborne has the chance to demonstrate leadership. Anything less and he will be as culpable for a double-dip recession as anyone.

ESO: Background information: Merkel defies pressure on debt crisis http://www.europeansources.info/record/merkel-defies-pressure-on-debt-crisis/

ESO: Background information: Osborne tells eurozone leaders ‘get a grip’ http://www.europeansources.info/record/osborne-tells-eurozone-leaders-get-a-grip/

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

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