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Can eurobonds solve Europe's debt crisis?

The Local · 19 Sep 2011, 12:22

Published: 19 Sep 2011 12:22 GMT+02:00

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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.

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npr-berlin-eurobonds">NPR Berlin Eurobonds by The Local Germany

The Local (news@thelocal.de)

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Your comments about this article

12:49 September 19, 2011 by freechoice
So let me get this straight, you want indebted Euro zone countries to get out of debt my selling more debts to the public to buy, and continue to owe more debts?
14:32 September 19, 2011 by Jerr-Berlin
Hi freechoice...

evidently, that seems to be the logic...
14:33 September 19, 2011 by derExDeutsche
President Obama : I love you back. (Applause.) But first - but if you love me - if you love me, you got to help me pass this bill. (Applause.) If you love me, you got to help me pass this bill.

NPR : Here¦#39;s John 21:15, the New International Version, describing a scene between Jesus and his disciples:

When they had finished eating, Jesus said to Simon Peter,¦quot;Simon son of John, do you love me more than these?¦quot;

¦quot;Yes, Lord,¦quot; he said, ¦quot;you know that I love you.¦quot;

Jesus said, ¦quot;Feed my lambs.¦quot;
19:34 September 19, 2011 by Englishted

Have you forgotten to take your tablets ?.
20:57 September 19, 2011 by chicagolive
Even it is wrong or right Germany has never been interested in a unified Europe unless it serves there means that is why the Euro Zone is a joke there will always be weaker and stronger countries just look at Germany people say Germany and are wow oh so cool. No people pump your brakes 4 states make up for the vast majority of Germanys' economic output and they are all in the south besides one bordering each other the rest of the states are pretty much just there. The 16 states of Germany can pretty much be the 17 Countries that make up the Euro Zone from the strongest to the weakest and they have some that make Greece look better to live in.
02:47 September 20, 2011 by mkvgtired
Well it would help the weaker countries. The same concept as the Euro. Germany spread out the strength of its Mark over 17 countries.

Now Eurobonds would do the same thing. The southern countries would get substantially lower interest rates, and Germany would be on the hook for paying them back. It is a good way to "lend" money without the bothersome headache of asking German tax payers. Win-Win for the PIIGS.
14:48 September 20, 2011 by bobmarchiano
Listen for the first few minutes this is your answer to save the Euro zone

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