Eurobonds not the solution for sovereign debt crisis: ECB’s Stark

stark-juergen

Jürgen Stark, a member of the European Central Bank's executive board, on Monday said the introduction of common bonds in the eurozone would weaken incentives for prudent and sustainable fiscal policies without offering a long-term crisis resolution.

At a hearing at the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels, Stark said: "Eurobonds do not offer a solution [to] the sovereign debt crisis and are not a viable instrument of government financing. Maybe it

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