September 14, 2011
The European Commission will soon present options on how the euro zone might issue bonds jointly, its President Jose Manuel Barroso said on Wednesday, but warned there was no simple solution to a debt crisis that threatens Europe's economic and political future.
Speaking to the European Parliament, Barroso said Europe faced its most serious challenge in a generation.
"This is a fight for the jobs and prosperity of families in all our member states. This is a fight for the economic and political future of Europe. This is a fight for what Europe represents in the world," Barroso said.
Germany remains adamantly opposed to debt that would be jointly issued and underwritten by all 17 members of the currency bloc.
A ruling by Germany's top court last week has made it virtually impossible for Berlin to sign up to joint euro bonds even if it wanted to, legal experts say.
More
No comments:
Post a Comment