The Eurobonds Guide: Will They Help Us out of the Economic Crisis?

There are many books about Eurobonds and economic crisis, so why would the author write another one? The reason is the author's intention to develop a better understanding of the current economic crisis that followed the financial crisis of 2008/2009, and the subsequent sovereign debt crisis of 2010/2011. Further, the author will provide a good solution that could be a response by the European Union. The first part of this book focuses on financial systems, gives a general overview, and discusses the reasons for the importance of the efficiency of the financial system for the economy. On the basis of some information about the current economic crisis – a combination of sovereign debt crisis, the euro project fault-lines and fragility of banks – this book provides an insight into the difficult European situation, and the resulting consequences for the EU. Moreover, the author gives an overview of the current situation on the European bond market, and an introduction into the debate about a possible creation of a common European bond market. The main part focuses on the Eurobond proposals, and the common issuance of euro area Member States sovereign bonds. The aim of this work is to provide an in-depth understanding of the main models and the most discussed proposals. In the summary, the theories and solutions are discussed that were developed from different groups in order to solve European problems. Based on pros and cons, and in connection with considerations of the author, the following three core questions will be answered: What could be the role of Eurobonds in solving the current economic crisis? What could be the role of Eurobonds within the euro area financial system? Could Eurobonds be a durable and equitable solution for a common European bond market? The book ends with an outlook that envisions prospects for Europe.