Germany Is Open to Pooling Debt, With Conditions - European Business News - CNBC: "Under the plan, largely ignored when it was introduced late last year, the debt overhang in the 17 members of the euro currency union — defined as any debt exceeding 60 percent of gross domestic product, or nearly $3 trillion by some estimates — would be transferred into a fund that would be paid off over roughly 25 years. The proposal differs from euro bonds in part because it is limited in scope rather than open-ended, which could help win approval by the German Constitutional Court."
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