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MEPs call for roadmap towards Eurobonds

European parliament2Members of the European Parliament have issued a joint statement in which they call for a roadmap for commonly issued eurobonds.

Elmar Brok from Germany, Roberto Gualtieri from Italy and Guy Verhofstadt from Belgium call on member states “to establish a national debt reduction fund and to adopt a roadmap towards creating the conditions that will allow them to issue part of their sovereign debt in common, with joint and several liabilities”.

The trio says a sustainable framework is needed for the possible introduction of stability bonds, which should enhance economic governance and economic growth in the region.

Last year the European Commission launched a consolidation to assess if the 17 eurozone countries can issue the bonds to raise cash.

In the same statement, they propose changes to the draft agreement at reinforcing the debt brake.

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