EU EURO COUNTRIES: Euro Bond: Wrong Answer or Critical for Europe? - CNBC

Monday, August 22, 2011

Euro Bond: Wrong Answer or Critical for Europe? - CNBC

Euro Bond: Wrong Answer or Critical for Europe? - CNBC

1 comment:

RAYLOKEAugust 22, 2011 at 2:31 AM
Unfortunately this process is going too slowly for markets and too quickly for the politicians and their electorates, according to Aranda-Hassel, who believes the markets are overlooking the fact that fiscal union has two aspects.

“The first—mutualization of national sovereign risk—is clearly a concern. But, by political necessity, it must evolve behind the second: the transfer of sovereignty from national governments to the federal EU level,” Aranda-Hassel said.
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