Euro Bonds to the Rescue?

Investors around the world are quickly losing faith that policymakers will find a credible solution to end Europe’s most serious crisis since the euro’s inception more than a decade ago.As stock markets plunge and fear ratchets higher, some are clinging to an intriguing concept: euro bonds. In an effort to bring Europe towards fiscal, not just monetary union, bonds would be jointly sold by the euro area’s 17 nations — likely at far lower interest rates than those offered to troubled countries like Greece.
While the idea of euro bonds is staunchly opposed by the current German government, some believe these securities could help heal Europe, but only if they are linked to painful and politically unpopular steps to wean nations off their addiction to debt and get their economies growing faster.

Read more: http://www.foxbusiness.com/markets/2011/08/19/are-euro-bonds-key-to-solving-europes-debt-disaster/#ixzz1VasJtA1R