Delpla, Jaques; von Weizsäcker, Jakob - 2011
60 percent of GDP as a purely national responsibility. This paper revisits the proposal, discusses its implications and …The Blue Bond proposal, published in May 2010 (Bruegel Policy Brief 2010/03) suggests that sovereign debt in euro …-area countries be split into two parts. The first part, the senior Blue tranche of up to 60 percent of GDP, would be pooled among …