EU opens debates on stability bonds

The European Commission published on Wednesday a Green Paper on Stability Bonds intended to overcome the euro zone debt crisis and open consultations on the issue. "By putting forth three options for such bonds and providing a detailed analysis of their financial and legal implications, the Commission is framing the debate, as well as setting out a clear timeline for the next steps," the European Commission said in a statement. Many experts say the joint euro bonds will fail to ease the markets and believe that the bonds, which transfer the risk burden from the most vulnerable countries to the strongest, are the only way to provide affordable financing for euro zone debt-struck states.