May 26, 2010

Euro wide cost of borrowing

Posted in Your Ideas ·
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Why do the Euro countries not band together and have a Euro wide cost of borrowing? All countries would benefit form lower rates and the risk would be diversified and duty to repay would be shared by all countries. If a country was unable to repay the Eu would have ability to recover the loans over time from structural funds etc. It would make EU citizens feel that the EU was achieving something.