Commission’s Berrigan pours cold water on EU safe asset, ESBies

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By Jasper Cox
20 May 2019

John Berrigan, deputy director general at the European Commission, has said that the creation of a European safe asset, and in particular European Safe Bonds, would be difficult to achieve.

The Commission has been looking into safe assets, despite criticism from other European actors and market participants who believe it is impractical. By making a common European risk-free instrument, the creation of a safe asset is supposed to reduce capital flight from weaker European countries in times ...

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