http://dailyreckoning.com/a-eurozone-bond-to-compete-with-treasuries/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://dailyreckoning.com/a-eurozone-bond-to-compete-with-treasuries/#comment-2699 M.G. in Progress Tue, 17 Mar 2009 09:35:12 +0000 http://dailyreckoning.com/?p=11760#comment-2699 On my blog, I made again the case for an EU bond. I think we are immediately ready for a joint EU bond for an initial market of over 120 billions €. Just go back to the Delors’ idea and start funding the EU budget with an issuance of EU bonds. As I wrote at present the EU budget is funded in any case annually by resources members states’ treasuries, which issue themselves bonds as they are in deficit. So just make a common issuance and members states will contribute for their share. Technicalities can also be worked out in the same way we did for the introduction of the Euro. It’s not a problem. When a market is created EU bond issuance can be scaled up for other purposes (including banks recapitalization or other country rescue packages) as needed and appropriate. It’s a kind of situation where you create the instrument first (like the Euro) and by this mean you continue the integration On my blog, I made again the case for an EU bond. I think we are immediately ready for a joint EU bond for an initial market of over 120 billions €. Just go back to the Delors’ idea and start funding the EU budget with an issuance of EU bonds. As I wrote at present the EU budget is funded in any case annually by resources members states’ treasuries, which issue themselves bonds as they are in deficit. So just make a common issuance and members states will contribute for their share. Technicalities can also be worked out in the same way we did for the introduction of the Euro. It’s not a problem. When a market is created EU bond issuance can be scaled up for other purposes (including banks recapitalization or other country rescue packages) as needed and appropriate. It’s a kind of situation where you create the instrument first (like the Euro) and by this mean you continue the integration

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