Bloomberg News

Euro Bonds Can be Part of Bigger Debt Solution, Frieden Says

November 29, 2011

Nov. 29 (Bloomberg) -- The introduction of joint euro- region bonds may be justifiable as part of a bigger, longer-term solution to the currency area’s debt crisis but not at present, said Luxemburg’s Finance Minister Luc Frieden.

The euro region is in the throes of a crisis of confidence that calls for a return to sound budgets, Frieden said today in an interview on Germany’s ZDF Television. So-called euro bonds may be considered after tackling the root causes of plummeting market confidence, he said.

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