Euro sovereign bonds would end the crisis argues Luxembourg´s PM and Italy´s FM

[ASusilovic]

In spite of recent decisions by European fiscal and monetary authorities, sovereign debt markets continue to experience considerable stress. Europe must formulate a strong and systemic response to the crisis, to send a clear message to global markets and European citizens of our political commitment to economic and monetary union, and the irreversibility of the euro.

http://www.ft.com/cms/s/0/540d41c2-009f-11e0-aa29-00144feab49a.html#axzz17HlME1lx

 

[ASusilovic]

However, Germany’s Wolfgang Schäuble – on Monday named as the FT’s European finance minister of the year – said in a video interview that jointly guaranteed bonds would require “fundamental changes” in European treaties. He added that it was also key that governments had incentives to maintain discipline over finances – and faced sanctions when they did not. “Otherwise the euro would fail,” he warned. Germany also fears the issuance of joint bonds would raise its borrowing costs.

 

[trefoil]

The other Wolfgang:

The eurozone is manoeuvring itself into a position where it confronts the choice between two alternatives considered “unimaginable”: fiscal union or break-up. If you are saying my proposals are unrealistic, you are making a very strong statement indeed – one with implications that I somehow find unimaginable.

Wolfgang Munchau: Europe is edging towards the unthinkable

 

[ASusilovic]

Quote from trefoil:

The other Wolfgang:



Wolfgang Munchau: Europe is edging towards the unthinkable

Wolfgang Münchau tends to think and write in extremes...it sells better....