What are Eurobonds

Eurobonds are a system in which the member states of the zone jointly issue uniform Eurobonds, which would allow member states to finance themselves at uniform costs, with bond credits jointly guaranteed by all member States.

The time is not yet ripe for the euro zone to issue common bonds.

Issuing eurobonds would require a unified system of economic and fiscal policies and close cooperation on budgetary and economic issues.

Since its inception, the eurozone has had only one, but its own fiscal and economic policies.

Issuing eurobonds would require more and longer-term preparation by eurozone authorities and member states, as well as complex amendments to relevant laws and treaties.