E-bonds would end the crisis / Europe’s leaders at odds over bond plan

EU leaders faceed fresh splits over how to tackle the eurozone’s escalating crisis in December 2010 after being urged to create as rapidly as possible a vast market for joint European government bonds, a move almost certain to be blocked by Germany.

In a Commentary feature in the FT on the 6 December 2010 by Prime Minister and Treasury Minister of Luxembourg and Italy’s Minister of Economy and Finance, the two politicians said that Europe must send a clear message to global markets and its own citizens of its political commitment to economic and monetary union, and the irreversibility of the euro by launching E-bonds.

EurActiv reported that Eurozone Finance Ministers meeting on the 6 December 2010 faced pressure to increase the size of a €750bn euro safety net for crisis-hit members in order to halt contagion in the single currency bloc.

ESO: Background information: E-bonds would end the crisis / Europe’s leaders at odds over bond plan http://www.europeansources.info/record/e-bonds-would-end-the-crisis-europes-leaders-at-odds-over-bond-plan/

EurActiv, 6.12.10: Euro ministers to boost rescue fund http://www.euractiv.com/en/euro-finance/euro-ministers-boost-rescue-fund-news-500298

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