пятница, 2 марта 2012 г.

Europe debt crisis raises pressure for radical fix

FRANKFURT, Germany (AP) — As a week of market turmoil ended Friday, an increasing number of economists and policymakers were calling for an unprecedented solution to combat Europe's debt crisis: a new joint bond backed by all countries using the euro.

Eurobonds would be a dramatic step toward the economic integration of the European Union, and are billed by supporters as an overnight solution to the crisis.

But the idea is being strongly resisted by Germany, which as the most credit-worthy European country fears it would face higher borrowing costs and more risks if it had to borrow jointly with financially shaky nations.

This week's stock market plunges and rising fears …

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