There will be no E-bonds; there will be no transfer union.

未来不会有欧洲债券；也不会是一个资金转移联盟。

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Such “E-bonds” might eventually account for up to 40% of the euro zone's GDP.

这种“欧元债券”的发行量也许会最终高达欧元区GDP总量的40%。

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Not all of these register with the s. E. C., however. To hedge is to balance investment risk. Like mutual funds, hedge funds may buy stocks and bonds.

并非所有到S.E.C登记。对冲是平衡风险投资。像共同基金、对冲基金可以购买股票、债券。

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France and Germany are still opposed to such E-bonds, but others in Europe are willing to discuss them.

WSJ: As Ireland Flails, Europe Lurches Across the Rubicon

Individual investors may not get as excited about e-bonds as they have about shares because, unlike some share prices, bond prices rarely double in 12 months.

ECONOMIST: E-bonds, licensed to kill

If, instead, he had taken the dividends in cash, paid the taxes, and invested the rest in plain vanilla Series E U.S. Savings Bonds that were popular at the time which guaranteed a minimum annual interest of 4 percent, compounded semi-annually, tax-free the end result would have much different.

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