Daily Archives: February 19, 2013

A missing piece in the eurozone’s newly strengthened fiscal defence is poised to fall into place after a compromise was struck between national governments, members of the European Parliament and the European Commission over new budget rules.

At the heart of the agreement is a commitment by the commission, the EU’s executive arm, to set up a high-level working group to study the feasibility of creating a debt redemption fund for eurozone countries – an idea that some view as a step towards mutually guaranteed eurozone bonds.