Business Insider
May 21, 2012
EU leaders will talk about managing a rebellious Greece during Wednesday's EU summit in Brussels, but there is one, even more important issue you should be watching: eurobonds.
Support for anti-bailout parties in Greece has generated market angst, but EU leaders will make few decisions on how to handle the troublesome country until after the results of a new round of parliamentary elections are published on July 17.
Instead, their discussion of eurobonds will be crucial. Support for common euro area bonds has ballooned since they were first proposed as a possible solution to the crisis last year, and they hold the potential to take significant pressure off of troubled EU sovereigns almost immediately.
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