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first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Q.WHY ARE SOME LEADERS CALLING FOR EUROZONE BONDS?A. Leaders in Luxembourg and Italy have called on the Eurozone to issue joint bonds in order to stop the euro crisis in its tracks and signal the political commitment to the single currency. They see fusing the Eurozone’s debt markets as a way to combat the punitive bond markets.Q.WHAT ARE THE LEGAL BARRIERS TO EURO BONDS?A. Recent treaties do give the European Commission power to issue joint bonds in cases of emergency, but there is no reference to the creation of permanent euro-bonds for everyday sovereign funding. German chancellor Angela Merkel has said that current EU treaties don’t allow for single Eurozone bonds.Q.WHAT ARE THE POLITICAL BARRIERS?A. The Netherlands, Germany and Austria are all firmly opposed to the idea. It is likely to be a political hot potato domestically because it would involve more fiscally disciplined states paying more while more indebted countries would pay less, on top of having to pay for international bailouts. It would also require governments to surrender further powers over their budgets to Eurozone governance because countries with large deficits would raise the cost of borrowing for everyone else. Tags: NULL whatsapp KCS-content EUROZONE BONDS center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ Monday 6 December 2010 9:07 pm Share whatsapplast_img read more