GFS LinkedIn
GFS Facebook
GFS Twitter
GFS RSS feed

Alde says Asian investors want eurobonds

Wednesday 19 January 2011 - by Nicola York

The Alliance of Liberals and Democrats for Europe are pushing for a concrete proposal for the introduction of eurobonds.

ALDE leader in the European Parliament Guy Verhofstadt says the group wants a system where only the first 60 per cent of debt of GDP is pooled, with AAA rated countries paying less than the average and low rating countries paying more.

He said that Asian investors "can't wait" to buy these bonds.

He also backed Economic and Monetary Affairs Commissioner Olli Rehn's "ambitious" proposals on economic governance and called for the 0.5 per cent annual deficit reduction target to be doubled to 1 per cent, to tackle the EU's spiraling debt.

Verhofstadt says: "Our system will provide an additional incentive for compliance with the Stability and Growth Pact, reduce overall EU debt, add stability to the Euro zone while injecting market confidence but, above all, it will free resources for boosting EU growth.


"I am convinced that Eurobonds will be a success as Chinese and Japanese investors can't wait to buy AAA bonds to diversify their portfolio."


WHAT DO YOU THINK?
 
Name:
   
Email:
   
Comment:
   
Post as Anonymous
  Display name
   
Please, enter security code
   
 

No comments yet.

STRAW POLL

Will markets in 2012 have a tougher time than 2011?

Yes

No

Don't know

View results

FIND A REGION world regions