--Ahead of 'Four Presidents' report on euro governance, ten countries including
France, Italy and Spain support new authority that would issue joint debt
--Germany may come on board if countries commit to binding structural reforms
BRUSSELS (MNI) - A core group of ten European countries, including some
among the largest in the Eurozone, have expressed support for the creation of a
new Eurozone budget as well as a central authority capable of issuing joint debt
or Eurobonds, Euro Insight, MNI's sister publication, has learned from two
senior EU sources.
Until now, support for further euro area policy harmonisation was thought
to be on hold given the financial upheavals in the region.