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


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