The European Commission has devised a green paper on the introduction of Stability Bonds, which are regarded as a key solution to settling the European debt crisis.

The EU’s executive body came up with the green paper after concluding that issuing the joint eurozone bonds is inevitable to fundamentally resolve the eurozone fiscal crisis and to guarantee the future of the euro.

The commission also proposed strong regulations as a precondition for the issuance of the joint bonds, which it said will be possible only when the EU’s fiscal governance of each member country is more rooted and the benefits of the joint issuance are proven.

A commission official said that the green paper will be announced on Wednesday.