Rumor from Brussels: Eurozone Bond is coming...

[ASusilovic]

Greece bonds to be bought on secondary market. Volume : 50-60 billion EURO?

 

[Locutus]

They've openly been discussing Eurobonds.

As far as I know it remains unconstitutional for Germany and possibly other countries I don't know of. So I don't think Eurobonds are in the pipeline.

 

[ASusilovic]

Late on Monday night, the ministers attempted to respond to the pressure, announcing at the close of an eight-hour meeting that they had reopened the possibility of using the eurozone’s €440bn bail-out fund to repurchase Greek debt on the open market.

http://www.ft.com/intl/cms/s/0/daa19912-abd1-11e0-945a-00144feabdc0.html#axzz1RinvQB7A

 

[Martinghoul]

Schauble has explicitly excluded Eurobonds as they would be in contradiction to basic German law.

 

[Tsing Tao]

Well, they better do something soon. I have a feeling they're Staring into the abyss.