A New Global Financial System

May 24, 2011  •  From theTrumpet.com
A reserve currency alternative to the dollar may be about to rise.

The European Union is set to issue a very special bond this week. It is special because it is practically unprecedented. Just twice before has the EU borrowed money with the promise that all member nations would be responsible for paying it back.

If the eurobonds become a permanent part of the European Union, the implications are global. A United European bond market could save the eurozone’s struggling economies.

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