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Updated · Bloomberg · Apr 16ECB’s Schnabel Calls for Renewed Debate on Joint EU Borrowing
2 articles · Updated · Bloomberg · Apr 16
- ECB Executive Board member Isabel Schnabel said it is a good time to revisit the idea of joint EU borrowing.
- Speaking in Washington, Schnabel argued that issuing common debt is logical for financing European public goods.
- She emphasized that strengthening the EU’s economic and military power should precede any move towards joint borrowing.
Can the EU truly fortify its military before issuing common debt? Is Europe on the verge of its 'Hamiltonian moment' with joint debt? With the IMF urging austerity, is more EU borrowing fiscally reckless? Could a new EU 'safe asset' finally challenge the US Treasury's dominance? Will the proposed 'EU Inc.' plan create tech giants or just more bureaucracy?