Will COVID-19 reduce the resistance to Eurobonds?

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With the spread of COVID-19 across Europe, governments and central banks are mobilising resources to avoid a deep recession, growing unemployment and corporate failures. The issuance of joint eurozone debt, or so-called eurobonds, could ensure the necessary fiscal resources to tackle the crisis. Are eurobonds a solution to the current challenges and how should such an instrument be designed? Who would issue the eurobonds and how would they be traded? Where would clearing and settlement take place? This webinar considered the practical aspects (and conveniences) of a common euro bond.

Apostolos Thomadakis, Ph.D., is a Researcher at ECMI and CEPS.