11/29/11

Euro Bonds Are The Answer

The only solution to the problem in Europe is the issuance of Euro Bonds.

This will mean that the weaker nations can get the capital they sorely need to get over the hump.  Sure that will mean more debt but at a much more reasonably interest rate than what they would otherwise be forced to pay as singular countries.

Politically, this is a no brainer too, weaker nations can get the money and liquidity they need and the stronger nations can look like heroes.

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