The EU wants the market to think it has an ace up its sleeve to suddenly ensure financial stability within the euro-zone…
God help them if they pull out a deuce, like usual.
One of the mechanisms being discussed, according to Reuters is a plan for the European Commission to go to market and sell bonds with the explicit backing of the euro zone states.
That would be an important step, a step toward a common European treasury, not just a common currency. We will have to see what transpires on Sunday.
