Nowotny Pleads for Euro-Bonds

People ♦ Published: December 6, 2010; 21:21 ♦ (Vindobona)

The governor of the Austrian National Bank, Ewald Nowotny, is for the introduction of euro-bonds. Germany’s resistance is pre-programmed.

Nowotny Pleads for Euro-Bonds / Picture: © Wikipedia / Christian Wirth (Wirthi)

The governor of the National Bank, Ewald Nowotny, is not alone with his proposal that the EU should issue bonds. The Chairman of the Euro-countries, Jean-Claude Juncker, Commission President José Manuel Barroso and Italian Finance Minister Giulio Tremonti are part of the supporters of the idea. The German Chancellor, Angela Merkel, is however absolutely against the…

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