The European Central Bank must commit to buying more of the region’s government debt to stem the financial crisis, Jacques Attali, a former policy adviser to French President Francois Mitterrand, told La Stampa in an interview.
The European Union must also sell euro bonds and introduce a federal budget policy and oversight of national accounts, Attali was cited as saying. All three measures need to be implemented this year or the “euro will explode and there will be chaos,” Attali told the Italian daily newspaper.
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