The EU treaties and democratic constraints block the way to establishing a fund to pool eurozone debt, according to a European Commission report released Monday (31 March).
The report by a commission expert group led by a former executive board member of the European Central Bank, Gertrude Tumpel-Gugerell, effectively kills off the prospect of a debt redemption fund being established in the near future.
It concludes that it "may be considered prudent to first collect evidence on ...
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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.