Since thesebondswould be guaranteedby theEuropean Unionas awhole, they wouldofferawayfortroubledeconomiesto avoidvicious circles offallingconfidence and risingborrowingcosts.
Or to put it another way, we have a sovereign debt crisis, which caused a banking crisis, which is in turn leading to a worsening of the sovereign debt crisis, in a vicious cycle that threatens to destroy the currency union.
It had to do with a vicious rivalry between two unions -- the dominant and established National Union of Mineworkers and the splinter Association of Mineworkers and Construction Union which has been encroaching on the former's role.