“Eurobonds” Could Save the EU, But Opposition Remains Strong

Ideas to solve the European debt crisis are plentiful and intriguing, but there is inadequate consensus on their merits and no political will to implement them effectively against inevitable popular resistance. The latest flavor of the week is “eurobonds,” which would pool the debt of eurozone members into one place, thereby lightening the burden of troubled nations like Greece. As attractive as this idea is on paper, it is unlikely to be implemented as LIGNET explains.

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