MEPs push for eurobonds, joint debt issue and taxes

MEMBERS of theEuropean Parliament are pushing for a commitment to create eurobonds, joint debt issuance and a financial transaction tax, as part of the price for the proposed EU treaty enforcing strict government budgets.

The wording of the contentious treaty that so far runs to eight pages is due to be completed within the next two weeks, but MEPs insisted on key changes at day-long talks with EU states yesterday.

While they cannot veto the treaty provisions, they are in a position to influence it and all three main political groups are insisting on changes to the original draft text from the council representing the member states.