European Union regulators may push for joint bond sales byeuro-area nations to help contain the debt crisis, putting pressureon Germany to drop its opposition.

The European Commission said it may present draft legislation oneuro bonds when completing a report on the feasibility of commondebt sales. The commission, the EU's regulatory arm in Brussels,earlier this year opposed such a step because of German-ledopposition.

“The report will, if appropriate, be accompanied by legislativeproposals,” EU Economic and Monetary Affairs Commissioner Olli Rehnsaid in a written response to a European Parliament question.“These euro securities would aim to strengthen fiscal disciplineand increase stability in the euro area through markets.” He gaveno timetable for either the report or any related draft law.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.