Paul DE Grauwe of the University of Leuven says that if Britain couldn't roll over its debt at acceptable interest rates, it could ultimately force the Bank of England to buy it.

鲁汶大学的保罗。德格罗维(Paul De Grauwe)说，如果英国不能在可接受的利率基础上用新债替代旧债，它可以最终迫使英格兰银行购买这些债务。

youdao

By pooling risk, Eurobonds could be a more durable counter to such destabilising liquidity crises, argues Paul De Grauwe, an economist at the Catholic University of Leuven, in Belgium.

ECONOMIST: Eurobonds could restore confidence, but at a cost

The poor showing of Prime Minister Mario Monti in the Italian elections his party won only about 10% of the vote is the most serious challenge yet to the democratic legitimacy of the euro zone, said Paul De Grauwe, professor of European political economy at the London School of Economics.

WSJ: Pose Counterweight to Voters' Wishes