EU common debt to boost euro’s international role – ECB
Currency still faces negative rates, fragmented debt market and lack of triple-A assets
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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