EU common debt to boost euro’s international role – ECB

Euro symbol, Willy Brandt Platz, Frankfurt

The European Commission’s first-ever common debt issuance will boost the international role of the euro, says the European Central Bank in its annual report on the currency.

Today (June 2) the ECB stressed how its response to the pandemic – through asset purchases, liquidity support for the banking sector and swap lines with neighbouring central banks – underpinned the currency’s global profile.

The report stresses the importance of the Next Generation EU (NGEU) fund, the €750 billion ($915

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