Eurobonds: A New Debt Era Dawns
The European Union has effectively dismantled the prohibition against collective state debt financing. The introduction Eurobonds marks a significant shift as the European Union is expected to be classified similarly to a sovereign state by prominent index providers ICE and MSCI. These new debt instruments will be for sure absorbed by the European Central Bank, as private investors are unlikely to retain them long-term.
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#Eurobonds #EUFinance #EconomicShift #ECB #GlobalEconomy
"What could possibly go wrong"
What does this mean?
A new level of debt creation in europistan