Monti: Eurobonds 'just a matter of time'

The Italian Prime Minister has said that it is only a matter of time until Eurobonds are introduced.

Speaking to the Greek press, Mario Monti said that the bonds, which have been backed by Eurozone leaders including the French President, would alleviate the debt crisis.

If introduced, Eurobonds would allow Euro members to raise funds at much less painful interest rates than if they borrowed on their own.

However, the German government remains opposed to the measure, saying the bonds would increase debt and reduce competitiveness.