The problem with the Eurobond is that the German do not want to have to pay the increase interest cost.... In the United States the Federal Government can shift money to the various States...this is not allowed in the Euro countries. So far it's been a Turkey shoot for the Hedge funds picking off the weaker Euro countries. First Greece....then Ireland....and now Portugal and Spain are the next two countries on the hit list. If if not resolved quickly this will pull the rest of the World back into Recession.