Can eurobonds solve Europe's debt crisis?
Published: 19 Sep, 2011 CET.
Updated: Mon 19 Sep 2011 12:22 CET
As Europe continues to grapple with its sovereign debt crisis, one possible solution being mooted is jointly underwritten eurobonds for the 17 eurozone countries. NPR’s Berlin correspondent Eric Westervelt explains what they are and why Germany doesn’t much like them.
The debt burden would be jointly shared among the nations that use the euro and stronger economies would help shore up weaker ones. But Germany – Europe's largest economy and main player in the crisis – remains vehemently opposed to the idea.
The Local is proud to partner with National Public Radio’s Berlin station FM104.1 to bring you this audio report.
Comments
See Also
The debt burden would be jointly shared among the nations that use the euro and stronger economies would help shore up weaker ones. But Germany – Europe's largest economy and main player in the crisis – remains vehemently opposed to the idea.
The Local is proud to partner with National Public Radio’s Berlin station FM104.1 to bring you this audio report.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.