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EC President Vows Euro-Bond Proposal

Barrosos comments puts EC on collision course with Germany.

European Commission President Jose Barroso said he is close to proposing options on joint euro-area bond sales, putting officials in Brussels on a collision course with Germany over steps to contain the debt crisis.

“The commission will soon present options for the introduction of euro bonds,” Barroso told the European Parliament in Strasbourg, France, today, prompting applause from lawmakers who have backed the idea. “Some of these options could be implemented within the terms of the current treaty; others would require treaty change.”

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