Eurobonds?
Really?
Its a distraction.
There are far more pressing concerns.
Rajoy is right.
Europe needs some form of banking resolution (recapitalization) & credible bank deposit guarantee NOW.
http://www.ft.com/intl/cms/s/0/f9876df6-a366-11e1-988e-00144feabdc0.html#axzz1vS2HweJF
Mariano Rajoy, the Spanish prime minister, called for eurozone leaders to focus on measures that would have a much swifter effect, saying that eurobonds would “need time” to be implemented.
“I believe that right now, it’s much more urgent to resolve the problems of financial stability,” he said after the Nato summit in Chicago. “[Financial stability] can be achieved quickly, doesn’t need debates or long discussions or studies or regulation, which is going to take two or three years to take effect. This is a decision which can take effect within 24 hours.”
Dublin Calling 