I understand perfectly well that Germany wishes to keep German bonds and that the idea of eurobonds is not liked as it would mean higher rates. On the other hand it is obvious that a eurozone with eurobonds would mean that the eurozone would be stronger against attacks from the markets.
As I like a strong Europe and at the same time I understand perfectly well that Germany should not pay the “plats trencats” (broken dishes” of other countries I think that a compromise should be found so that Germany pays less as rates but at the same time we all can breath in Europe.
If we do not do nothing it is possible, quite possible I think, that even one day the German bond will be pay high rates. it could be the last one before Europe collapses tatally.
So I propose to have eurobonds and also bonds from each state. One could say that this is crazy because then German would prefer German bonds to eurobonds. Well, the easiest thing would be that each state must have 50 per cent of eurobonds and the rest bonds of their own. In this way we will be building a strong Europe and at the same time Germans and others should take advantage of having economies that markets trust more.
I don’t like at all a Europe where Germany pays and pays and the rest spend and spend. A lot of things made in Spain these last decades has been made with European money and Germany is the big contributor. So I undestand perfectly well that the German government tries to protect the German tax-payer from eurobonds. But in the same way that horrible austerity measures are coming to Greece, Spain, etc in order to remain inside the euro, Germany also should do in order to remain inside the euro! Countries which do not want austerity should leave the euro. But countries who want to act as if they were in in the euro (with no eurobonds) they should think too about leaving the euro! Greek people should decide between the euro and the drachma. But Germans should choose between the euro and the deutsche mark!
being Germany such a strong nation in Europe I think that Germany should not be afraid of the eurobonds as I am sure it can put the conditions for having eurobonds! But the eurobonds are needed. If I was Germany the condition I would put for the eurobonds is very simple: the economies of the eurozone should be totally monitored from Brussels. And if a country fails to act as Brussels acts then less eurobonds should be assigned to them.
I do not know but we should find a way that Europe is not attacked in the weaker extremes and at the same time the countries that act correctly see an advantage in doing that.
If Germany accepts eurobonds maybe then Germany loses weight and power inside the eurozone but in this way the eurozone makes a giant step in the international arena. And if the eurozone wins power in the international arena it is obvious that Germany is the first one that could take advantage of that!
HOW CAN THE WORLD TRUST THE EUROZONE WHEN THE HEART OF THE EUROZONE, GERMANY, DOES NOT TRUST THE REST OF THE EUROZONE?
GERMANY SHOULD ASK GERMAN AUSTERITY FOR ALL THE EUROZONE BUT AT THE SAME TIME IT SHOULD TRUST ITS PARTNERS AND ACCEPT EUROBONDS. IF NOT THEN GERMANY SHOULD LEAVE THE EURO MAYBE INSTEAD OF GREECE …