Despite the fierce opposition against introducing so-called Eurobonds, the proposal as such has resurfaced in light of demands from G20 and the International Monetary Fund (IMF) that the euro area member states further increase the lending volume of their rescue funds. Given the lack of political response, the European Central Bank (ECB) has come to the rescue by buying government bonds and stimulated the financial markets with low-interest loans in order to reduce the systemic risk.