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.
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