How do you build a eurozone safe asset?
The creation of a common eurozone safe asset was discussed in depth at the Association for Financial Markets in Europe’s (Afme) European Government Bond Conference on Wednesday, with the consensus that such a security was needed. But there were questions over how it would be structured.
Gabriele Giudice, head of unit, directorate-general for economic and financial affairs at the European Commission, said the benefits of a euro safe asset include providing a common anchor not linked to any particular sovereign, mitigating distortions in financing costs, and providing more choice for quantitative easing.Michala Marcussen, ...
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