Debate over eurozone bonds intensifies

Supporters of common bond, which would mean states guarantee each others debts, meet with resistance.

    " />

    There is growing opinion across Europe that so-called eurobonds are the bold step needed to tackle the continent's financial crisis.

    The principle behind a common government bond is that eurozone countries would guarantee each other's debts.

    Investors would see the bonds as safe and would loan money at low interest rates.

    The hope is that the lower borrowing costs would prevent any more financial bailouts. But the eurobond has its critics.

    Al Jazeera's Tim Friend reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Why is the West praising Malala, but ignoring Ahed?

    Why is the West praising Malala, but ignoring Ahed?

    Is an empowered Palestinian girl not worthy of Western feminist admiration?

    Blood-rusted Sword: Elite force of Saudi crown prince

    Blood-rusted Sword: Elite force of Saudi crown prince

    Al-Ajrab Sword Brigade, formed in 2015, comprises elite forces from across Saudi military ranks.

    Why some African Americans are moving to Africa

    Escaping systemic racism: Why I quit New York for Accra

    African-Americans are returning to the lands of their ancestors as life becomes precarious and dangerous in the USA.