European Commission plans to propose eurobonds

11/20/2011 | Reuters · Wall Street Journal, The

Michel Barnier, the EU's internal-market commissioner, said he is interested in eurobonds but that national budgets must first be subjected to tougher oversight. "The precondition for shared bonds, for common debts, which to me seems like a fair idea, is to have coordination, oversight, common governance and a larger European budget," he said. Barnier's comments come as the European Commission plans to float eurobond proposals.

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Reuters · Wall Street Journal, The

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