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May 28, 2012

Can Eurobonds Really Save Europe?

Conley & Dukkipati, Foreign Policy

AP Photo

The word on the lips of many of the 17 leaders of the eurozone following this week's meeting of heads of state -- the 18th summit, for those who are counting -- is Eurobonds. The ideas behind them, though, are out of sync. "Europe can have Eurobonds soon," Italian Prime Minister Mario Monti insisted. "[The] taboo surrounding Eurobonds has been lifted," European Council President Herman Von Rompuy declared. Not so fast, German Central Bank chief Jens Weidmann chimed in, "It is an illusion to think Eurobonds will solve the current crisis."

So, what exactly is a Eurobond?

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TAGGED: Germany, Eurobonds, Euro

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