Arab Today, arab today spanish pm calls for eurobonds within a few years
Last Updated : GMT 00:34:19
Arab Today, arab today
Arab Today, arab today

Spanish PM calls for eurobonds within a few years

Arab Today, arab today

Arab Today, arab today Spanish PM calls for eurobonds within a few years

Berlin - AFP

Spanish Prime Minister Mariano Rajoy said he believed the eurozone could introduce eurobonds within a few years, in an interview published Sunday in a German newspaper. Rajoy told Bild am Sonntag that steps toward pooling eurozone countries\' debt -- a bid to keep borrowing costs down for the most vulnerable members -- could start as early as next year. \"The fiscal union should be realised in three steps,\" he said, in remarks published in German. \"First, member states should take measures to fulfil the tax and economic convergence criteria as well as the conditions imposed by the European Council.\" Rajoy suggested a timeframe of 2013-2014 for this initial phase. Second, he said, in 2015-2016, \"a European fiscal authority to monitor national budgets must be created. It would also make recommendations on the goals and the direction for fiscal policy in the eurozone. \"In this stage, medium- and long-term eurobonds could be issued, if the bulk of the debt burden is still carried on the national level,\" he said. \"In a third step, in which binding budgetary targets are approved for the entire euro area, shared (European) Union bonds could be issued,\" he said, suggesting 2017-2018 for their roll-out. \"That is my proposal, others may see it differently,\" Rajoy said. \"What is key is that we manage to define a goal and the conditions required to achieve it.\" He said that the status quo in which some European countries paid \"unsustainably high rates\" to borrow money while others enjoyed negative rates could not last. \"The current situation cannot be sustained over a longer period of time,\" he said. \"That is why we must solve the problem of divergent yields now.\" Rajoy is to hold talks in Madrid on Thursday with German Chancellor Angela Merkel. She has repeatedly expressed her opposition to eurobonds as they would drive up Berlin\'s ultra-low borrowing costs and remove a strong incentive for budgetary discipline among euro member states. Rajoy said he was looking to her to spearhead efforts to reform the currency zone. \"As German chancellor she plays a leading role in solving the urgent problems of the euro and of European integration,\" he said. \"I have the impression she is prepared to do that.\" Eurobonds are seen by many -- including France and the European Commission -- as a viable way out of the crisis, but Berlin believes they would only be acceptable after a long process of closer fiscal integration in the eurozone.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish pm calls for eurobonds within a few years Arab Today, arab today spanish pm calls for eurobonds within a few years

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday