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Covid-19
EU leaders tussle over corona bond response

Sovereigns

EU leaders tussle over corona bond response

The EU took serious steps towards helping member states deal with the cost of the coronavirus crisis this week, with the European Central Bank removing the issuer limits from its emergency purchase programme and the Eurogroup reaching agreement on a new credit line from the European Stability Mechanism.

 

Comment

  • Corona bonds: an idea that cannot be contained

    ‘Corona bonds’ have been talked up so much that the EU risks underwhelming the market by failing to act. It has become a question of political solidarity within the region, not simply one of debt management.