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"Before long, policy makers will be forced to explore the 'nuclear' option: genuine common issuance".
"This approach to the stability bond would deliver fewer of the benefits of common issuance but would also require fewer preconditions to be met," the document said.
"The net effects of common issuance will be positive only if the potential disincentives for fiscal discipline can be controlled," the commission said.
In the short term, "creating a new market segment based on common issuance would address the current shortage of investor demand for the sovereign bonds of many euro area member states," the commission said, while cautioning that member states first had to tighten economic governance.
German taxpayers will never agree to common issuance of Euro bonds with profligate and undisciplined spenders unless they have direct control over those countries' budgets.
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Obligations of Commodity Credit Corporation; issuance; sale; purchase; redemption; etc.
The bank says $450 billion of synthetic CDO issuance occurred last year, more than double the 2005 level.
Obligations of Commodity Credit Corporation; issuance; sale; purchase; redemption; etc. 15 U.S. Code § 713a 4.
Mexico and Malaysia both saw IPO issuance rise several-fold over 2011, with their largest flotations ranking third and fourth place globally.
To avoid interfering with Treasury issuance, the Fed would probably keep the maturity of such bills below 30 days.8.8
These could make the entities responsible for CER issuance liable for replacing CERs issued incorrectly in the past.
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