Putting lipstick on the PIIGS

Calls to introduce Eurobonds to help debt-ridden EU countries raise capital are growing louder, but also causing friction within the union. Fiscally-responsible countries strongly oppose the idea, saying it would lead to a rise in borrowing costs. ¬≠European Commission president Jos√© Manuel Barroso has supported the creation of a new Eurobond, saying that it would […]