Markets boosted by talk on eurobonds options

MARKETS responded positively to the announcement that the European Commission will present a series of options for eurobonds next month.

Some of these options could be implemented within the terms of the current EU Treaty while others would require Treaty change, EC president Jose Manuel Barroso said.

German MEPs immediately voiced their opposition to eurobonds, which they fear would raise the cost of borrowing for the eurozone’s largest and wealthiest member.