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Eurobonds On The Way

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By Douglas A. McIntyre Published
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nationsonline.org
The debate over whether Europe should have one central financial authority grew louder. Even Angela Merkel of Germany has hinted she would drop her objections to euro-bonds if this new authority has substantial influence over the budget activities of the region’s weakest nations economically. The European Commission would get much of these powers. Reuters reports Merkel would also like more central coordination of labor union negotiations and tax and social security laws. Merkel will have some difficulty with her position. The troubled nations in the region want euro-bonds which would put Germany’s credit rating as part of a whole package that would offer capital markets a way to inject money into the region. Merkel does not want the bonds carried on its financial back. Merkel does want to change the game so any such bonds are married with stricter central control of the financial fates of the weaker nations. They countries are likely to reject this, as they have in the past.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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