Throughout the whole eurozone crisis, there has been the talk of setting up euro bonds. The idea is that instead of each euro country issuing bonds based on their individual credit, they could borrow based on the credit of the entire euro zone. This would allow the smaller poorer countries to benefit from Germany's lower rates. Since it is now clear, after Greece and Ireland, that the eurozone will bail out countries at risk of default, this idea is seeming more credible than it did a few months ago. The German magazine Spiegel posted this good graphic describing how this would work:
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