Dental Patient Recall Letters

The dream of European bonds ...

Tavares Moreira
4R - Fourth Republic

1.Foi reported earlier this week, an idea, crafted by the President of Euro Group, Mr Juncker and the Italian Finance Minister, G, Tremonti, seeking to issue bonds in Europe, which supposedly discussed at yesterday's meeting of finance ministers of the eurozone (and U.S.), not with their approval.

2.The European bond issue is a cherished dream for some years by leaders of highly indebted poor countries (and also by ex-President J. Delors), to enable the issuance of debt by any country of the Eurozone, BUT blaming not only the issuing country but also other countries in the area together.

3.Percebe easily enthusiasm that sparked this idea in particular among the most indebted countries and economies and public finances more imbalanced would be a delight ... able to issue debt for the payment of which other countries (especially Germany) were co-responsible ...

4.On Portugal this idea has been sustained for some time publicly by leading figures closely involved in the rescue of the fatherland, as if disclosure of opinion in Portugal were able to move the other countries especially those most solvents ...

5.E obvious that while the fiscal policy decisions are essentially decisions nationwide, this idea of European bonds will not be viable.

6.Do not see it is that countries like Germany might be willing to take responsibility for debt issued by others, especially heavily indebted countries, and this issue, even when subject to special rules, decided by the latter ...

7.Isso indeed amount to a "bail out" and potentially without automatic limit of highly indebted countries, which is excluded by the Treaty on European Union.

8.Para ever, enthusiasts of the idea will have to be content with its obligations under the Financial Stabilisation Fund will issue in the market as early as next year to finance the aid package to Ireland these are ... genuinely European obligations but only qualify for the issue to countries that request assistance from this Fund and the IMF ...

9.Assim, even if we have access to European obligations, we already know how to do ...