Ireland seeks euro bonds as part of crisis solution

18 Jul, 2011

Ireland would like to see the eurozone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said on Sunday. "It is an option I favour. It is one of a series of options that have to be looked at," Eamon Gilmore told Irish state broadcaster RTE.
Euro zone leaders will meet in Brussels on Thursday to discuss ways of halting the threat of contagion to Italy and Spain from Greece's rumbling debt crisis.
Gilmore said it was to Ireland's advantage that European leaders were now looking at the crisis as a eurozone problem rather than an issue for individual countries. "I believe that will work to Ireland's advantage because solving the European problem will help solve the Irish problem."

Read Comments