Eurobonds create a long term burden  Introducing Eurobonds will increase the burden for the European Union as a whole and change the responsibility in the long-term. Right now, countries are willing to help one-another and the best example is the European Stability Mechanism, a program designed to help countries in distress with major economic potential. [1] This is happening because the European Union is not fully responsible for the mistakes of the countries in the Eurozone. Of course, Eurobonds is just taking a step further but it also promotes a bigger burden for the union. Such a long term burden should not be decided and imposed in a time of crisis. If we let the European Union and the ECB decide to back national loans and approve Eurobonds it will effectively be imposed upon the people. The idea is not popular with many national electorates and such a decision will have to be taken without their consent. Germany is the clearest example, in a ZDF television poll, 79% said that they are opposing the idea of Eurobonds. [2] The real problem is that this is a one way street, it would be very difficult to reverse course as interest rates would immediately shoot up again thus immediately recreating the crisis if there were such an attempt. Any attempt at imposition without a clear democratic mandate throughout the union could seriously damage the EU by creating a popular backlash.  [1] European Stability Mechanism, ‘About the ESM’, esm.europa.eu,   [2] AP, ‘Poll: Germans strongly against eurobonds’, Bloomberg Businessweek, 25 November 2011,