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An EU debt market is not going to happen any time soon (Photo: aranjuez1404)

MEPs struggle to keep Eurobonds idea alive

MEPs have kept alive support for joint liability Eurobonds despite critics describing the plan as "a socialist loonie-land" and a way to create a transfer union by the back door.

A majority of deputies backed a report by French liberal Sylvie Goulard on Wednesday (16 January) calling for governments and the European Commission to keep working on the issue, and for the immediate introduction of short-term Eurobills and a European Redemption Fund to pool excess debt.

The Goulard rep...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

An EU debt market is not going to happen any time soon (Photo: aranjuez1404)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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