Privilegies of big countries (superpowers) have been promised to the citizens of the Latvia and other new member states when they voted for adjoining the Union. These promises have been fulfilled (at least partially) in some areas - e.g. as common eduacation and science are of EU, as partial freedom of labour, but some big challenge to the Union is to protect the equality of memberstates when they see the imperative necessity to make soverign loans. E.g. - big countries - e.g. United States and Germany can issue government bond with the pretty small interest rates - around 3% for long term bonds and even below 0.5% for short term bond. There is no any economic ground for their privilegies, except - the size of their economies.

So - it should be imperative that EU must introduce common EU bonds to finance the government debt of their memberstates. It is not honest, that Italia and Greece are pressed to pay more than 6% interest on their debt and loans for new Centras and East European (CEE) countries - like Latvia, comes with hard and sometime humiliating strings attached. Germany, Frances and other big economies has experiences drop in their interest rate because of the common currency, but there is no advantages to the new CEE memeber states, althoug - they done great legislative work and sometime it was rather costly (e.g. sugar industry was completely removed from Latvia upon the request of EU). ECB President said - that the decision about Eurobond should be made by the legislatvie and executive institutions - e.g. by citizens of EU, not ECB; he suggested that European Investment Bank can be instrumental in issuance of Eurobonds.

So - my suggestion is - EU should issue common Eurobonds, that could finance the debt of EU governments.