"Following our commitment to the European Parliament as part of the overall agreement on the Two-Pack, the Commission is now setting up an Expert Group to look into the merits and risks, legal requirements and financial consequences of initiatives for the joint issuance of debt in the form of a redemption fund and eurobills," the European Commission's president, José Manuel Barroso, was quoted as saying during a debate in the European Parliament.
The group will be chaired by Gertrude Tumpel-Gugerell, a former member of the executive board of the European Central Bank, and will have ten members, the EU's executive body says in a press release.
