A briefing on Eurobonds

Abstract:

The recurrent debate on Eurobonds is often clouded by misconceptions. This Policy Brief clarifies their aims and possible forms, before discussing the key challenges for their introduction. It argues that, by ensuring market access to vulnerable Member States, Eurobonds can constitute a valuable tool to alleviate the eurozone crisis. To make use of their short-term potential, a conditional and progressive introduction of Eurobonds, starting with a limited scheme, seems the best achievable approach.