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Why euro bonds won't work
European Economic Policy 3 Years, 7 Months, 1 Week, 1 Day, 22 Hours, 45 Minutes ago
Euro bonds won't work without a political authority that backs them up. We have seen over the last week that the EU has no intention of establishing such a government either. The point of bonds is that they are repaid, and without a decisive body to...

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Merkel and Sarkozy brewing Faustian pact
Grahnlaw 3 Years, 7 Months, 1 Week, 1 Day, 15 Hours, 25 Minutes ago
A new week, and a new episode in the eurozone cliffhanger is about to begin. Only democratic and legitimate government with sufficient powers at European level can lay the robust and politically acceptable foundations needed. Euro bonds won't work wi...