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Sovereign Debt
Solving the Sovereign Debt Crisis: Are Eurobills a Viable First Step?
The worsening of the sovereign debt makes it necessary for EU leaders to take bolder steps to tame it. Agnes Le Thiec, CFA, examines possible options from an investor’s perspective.
Saving the Euro: EU Leaders Explore Eurobills, European Redemption Fund
As the debt crisis worsens in Spain and Italy, increasing the likelihood of a partial breakup of the eurozone with disastrous consequences, a draft report discussed in European Parliament urges Member States to seriously consider two tools: the issuance of common short-term debt in the form of eurobills and the set-up of a European Redemption Fund (ERF). Agnes Le Thiec, CFA, examines the proposal.