Eurobonds on agenda despite German no

Eurobonds will dominate the EU leaders’ summit in Brussels this evening despite Germany insisting it will not consider the idea. The bonds would immediately lower Ireland’s borrowing costs.

Taoiseach Enda Kenny told the Dáil that serious consideration had to be given to ideas such as eurobonds. They will be pushed by a number of countries, led by France and Italy.

He will also be preparing the ground for measures designed to raise billions for investment in growth and jobs in Ireland. It is expected to be fully unveiled at the main summit in June.