Policy Briefs

C. Bastasin: A catch-22 for Eurobonds

The affirmation of a market for Eurobonds, i.e. common debt securities issued by the European Union, has significantly strengthened by means of the response of the European institutions to the pandemic crisis. The volume of European bonds offered on the market has in fact multiplied with the issuance of debt securities for the financing of the "Temporary Support to mitigate Unemployment Risks in an Emergency" (SURE) and of Next Generation -EU (NGEU).

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