Peterson Institute for International Economics research fellow Jacob Kirkegaard says Eurobonds are a long way off, discusses liquidity in the European banking system and the increasingly important role of the ECB in the eurozone debt crisis.

Peterson Institute's Kirkegaard on Eurobonds, Merkozy summit

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Peterson Institute's Kirkegaard on Eurobonds, Merkozy summit

Peterson Institute's Kirkegaard on Eurobonds, Merkozy summit