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Third approach: Partial substitution of national issuance with stability bonds, which would have several but not joint guarantees

Third approach: Partial substitution of national issuance with stability bonds, which would have several but not joint guarantees

Third approach: Partial substitution of national issuance with stability bonds, which would have several but not joint guarantees

Under this third approach, each country would be responsible for a percentage contribution to each redemption (see proposal by Paul De Grauwe mentioned above).

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