The European Commission has unveiled its ideas as to how the introduction of so-called eurobonds would work. All of them would require member states to submit budget plans to the Commission for closer scrutiny.
Three options are on the table now for the introduction of so-called eurobonds, or bonds issued jointly by the members of the eurozone. Under the first option, nationally issued bonds would be fully replaced by bonds issued jointly by the euro countries. The other two options propose only a partial substitution, with nationally issued bonds existing parallel to euro bonds.