Pressures mount for eurobonds as Sarkozy, Merkel prepare to meet

German Chancellor Angela Merkel and French President Nicolas Sarkozy are set to meet this week to discuss Europe's sovereign-debt crisis amid calls for eurobonds. Italian Economy Minister Giulio Tremonti is urging the creation of eurobonds. Meanwhile, conflicting reports are emerging about Germany's stance on eurobonds. The European Commission is conducting a feasibility study into them, which many economists said is the way forward. "No single currency has ever survived without some form of debt mutualisation," said Simon Tilford, chief economist at the Centre for European Reform.

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