Euro-Bonds, Nuclear Regulation, CFTC, Moodys-S&P: Compliance BusinessWeek
(Updates with broker sentencing and Mets-Madoff in Courts.)
Aug. 22 (Bloomberg) -- European Union regulators may push for joint bond sales by euro-area nations to help contain the debt crisis, putting pressure on Germany to drop its opposition.
The European Commission said it may present draft legislation on euro bonds when completing a report on the feasibility of common debt sales. The commission, the EU’s regulatory arm in Brussels, earlier this year opposed such a step because of German-led objections.
“The report will, if appropriate, be accompanied by legislative proposals,” EU Economic and Monetary Affairs Commissioner Olli Rehn said in a written response to a European Parliament question. “These euro securities would aim to strengthen fiscal discipline and increase stability in the euro area through markets.” He gave no timetable for either the report or any related draft law.
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