Would Eurobonds Work?

As Europe’s sovereign-debt crisis deepens, many argue that only pooling eurozone members' debt by issuing Eurobonds can save the single currency. But Germany and other northern European countries are reticent to underwrite what they view as distressed countries’ irresponsible borrowing. Are Eurobonds the answer, or would they simply reward profligate behavior? Project Syndicate's economists have their say.

To continue reading, please log in or enter your email address.

To read this article from our archive, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you are agreeing to our Terms and Conditions.

Log in

http://prosyn.org/Ozui0jm;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.