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Markets

Euro bonds are not the answer

Published September 19, 2011 Updated September 19, 2011 08:10am

euro-LONDON: The euro countries aren't going to agree to guarantee each others' debts in time to solve the current crisis. And, once it's over, neither euro bonds nor fiscal integration is desirable. Market discipline is a better way run monetary union in the long run.

 

Copyright Reuters, 2011

 

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