Ireland favours ‘common bonds’

IRELAND would like to see the eurozone issue common bonds as part of the solution to the bloc’s debt crisis, the Tánaiste said yesterday.

“It is an option I favour. It is one of a series of options that have to be looked at,” Eamon Gilmore told RTÉ.

Eurozone leaders will meet in Brussels on Thursday to discuss ways of halting the threat of contagion to Italy and Spain from Greece’s rumbling debt crisis.