Weizsäcker, Jakob von; Delpla, Jacques - Bruegel - 2011
The Blue Bond proposal, published in May 2010 (Bruegel Policy Brief 2010/03) suggests that sovereign debt in euro-area countries be split into two parts. The first part, the senior â??Blueâ?? tranche of up to 60 percent of GDP, would be pooled among participating countries and jointly and...