* EU policymakers examine sovereign bond-backed security

* Author of proposal says central bank could issue bond

* Securitised model should soothe German resistance

By John Geddie

LONDON, Oct 12 A bond backed by a mountain of
euro zone government debt accumulated by the European Central
Bank in its latest stimulus programme could provide a way for
the ECB to eventually unwind that scheme, the author of a
proposal under review by EU policymakers told Reuters.

The idea of a securitised, trans-national bond, which the
European Union’s financial watchdog instructed a team to
investigate last month, is seen as an alternative to a
long-debated common euro zone bond which has been resisted by
the bloc’s economic powerhouse Germany.

Ma…

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