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24 March 2020

Vox EU: Covid Perpetual Eurobonds: Jointly guaranteed and supported by the ECB

This war-like shock will require very large fiscal support. Its financing cost should be distributed over several generations. This can be achieved by issuing irredeemable or very long maturity Eurobonds. They should be backed by the ECB to keep the financing burden low.

No one knows yet how ...

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