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While the EC's paper is not a formal proposal, the commission said it has decided to launch a "broad consultation" to seek the views of relevant parties and the advice from other institutions.
Eurobonds are controversial. Experts still aren't convinced any of the ideas would work -- or ever garner enough political support to move forward.
The idea has been floating around for months, with little support from the stronger eurozone countries, like Germany.
German Chancellor Angela Merkel has maintained strong opposition to eurobonds, even calling them the "absolutely wrong" way to defuse the European debt crisis. She reiterated those sentiments Wednesday, and criticized the EC for focusing on the idea.
Still, EC President Jose Manuel Barroso is confident that the ideas may gain some traction.
Could gold save the eurozone?
"The idea of having stability bonds is making its way," Barroso said Wednesday. "We are trying have a rational, reasonable, intellectual and politically serious debate. We believe this document does precisely that and encourage all parties to tell their opinions."
He dismissed Germany's opposition, and said its resistance is more related to timing than principles.
The first approach the EC is offering up is to convert all national government bond issues, including those currently outstanding, to a common eurobond that is backed by all 17 countries in the eurozone. The commission called the plan its most "ambitious." so that you have a mid-shopping retreat, right on-site.
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While the EC's paper is not a formal proposal, the commission said it has decided to launch a "broad consultation" to seek the views of relevant parties and the advice from other institutions.
Eurobonds are controversial. Experts still aren't convinced any of the ideas would work -- or ever garner enough political support to move forward.
The idea has been floating around for months, with little support from the stronger eurozone countries, like Germany.
German Chancellor Angela Merkel has maintained strong opposition to eurobonds, even calling them the "absolutely wrong" way to defuse the European debt crisis. She reiterated those sentiments Wednesday, and criticized the EC for focusing on the idea.
Still, EC President Jose Manuel Barroso is confident that the ideas may gain some traction.
Could gold save the eurozone?
"The idea of having stability bonds is making its way," Barroso said Wednesday. "We are trying have a rational, reasonable, intellectual and politically serious debate. We believe this document does precisely that and encourage all parties to tell their opinions."
