Gold in the Past and EuroUnionBond for the Future

The article «EuroUnionBonds: Why Are We Proposing Them again?», by Romano Prodi and Alberto Quadrio Curzio, published in Il Sole 24 Ore (August 23, 2012), is reprinted below as it aroused great interest in Italy and abroad, steering the debate toward the use of gold reserves as collateral. This issue is now open and I believe that it will produce consequences of political and economic nature in the future of EU and EMU from the point of view both of the use of gold and of the creation of a European fund whose assets should be real (gold reserves, stocks of infrastructural network companies) and supplied by EMU Countries.