Comment on A Guide to Europe’s Newest ‘Safe Asset’ and Rival to U.S. Treasuries

A Guide to Europe’s Newest ‘Safe Asset’ and Rival to U.S. Treasuries

The European Union is issuing bonds like never before. An 806 billion euro ($964 billion) pandemic rescue fund will trigger the biggest-ever splurge in joint borrowing by the bloc’s 27 members. Add to that a 100 billion euro emergency jobs program and the EU is heading toward more than $1 trillion of joint issuance in response to the coronavirus crisis.

 

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