Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Eurobonds: Right Idea, Wrong Institution

We’ve seen it happen in the US: states strapped for cash selling off municipal bonds to assuage their creditors. Could eurobonds be the solution to sovereign debt crises in Europe?

Pimco knows a thing or two about the bond markets, so I asked Tony Crescenzi for his thoughts. "The notion of a eurobond has not been popular for Europe because it would speed up the fiscal union that many say is necessary to sustain the monetary union."