Home Eurozone – Sovereign Bonds Backed Securities: Possible precedent or alternative for the EuroBonds?

GEAB 116

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Jun 2017

Eurozone – Sovereign Bonds Backed Securities: Possible precedent or alternative for the EuroBonds?

To strengthen the eurozone, the European Commission has just launched the idea of creating products backed by European sovereign debt, a proposal which could be more an alternative than a precedent for the Eurobonds.

On May 31, 2017, the European Commission presented its analysis on the “deepening of the Economic and Monetary Union”[1], which had been planned for several months. Brussels, however, benefits from the euphoric moment following Emmanuel Macron’s election for the French presidency on May 7. Since his election, the latter has sought to relaunch the process of strengthening and deepening the eurozone, notably by wanting to build a common target with Germany.

On the first visit of the new French President to Berlin on 15 May[2], Angela Merkel remained very vague about what Germany was prepared to accept, but she said she wanted to create a new dynamic with France. She seemed ready to change treaties and focus on a stronger eurozone. A Franco-German working group was trained on this issue on May 22 and is expected to present some results at the Franco-German Council of Ministers planned on July 13[3]. It was therefore an excellent opportunity for the Commission to take part in this discussion, the reflection of which would be submitted to the European Council and Parliament in the near future.

Comments

To leave a comment sign up now
Contents

Our loyal readers will not have been surprised by the result of Theresa May's early election. Not only had we put in perspective a defeat of Theresa May, despite the [...]

The United States and Europe present striking similarities in their destinies. The way Brexit (itself a negative event) manages to free an EU paralysed by vast structural dysfunctions; Trump's election [...]

Regarding the latest events occurring in the Balkans, the Westerners seem to be winning the game against Russia. Thus, in Macedonia the new government of Zoran Zaev is not far [...]

The anticipation work must watch closely the "weak signals", as futurists used to call them. They are accessible items of information, but hardly reflected within the media, information which provides [...]

Oil: counter-direction The day the coalition around Saudi Arabia announced a cut of diplomatic relations with Qatar, risking the "koweitisation" of the latter, the oil prices... collapsed. This is not [...]

Related articles
GEAB
15 Oct 2021

Dollar: Time is running out

#crisis #currencies #dollar #finance

The dollar will collapse only if the United States decides to let it collapse. The country is now in a situation where it is getting closer to having to make [...]

GEAB
15 Sep 2021

Investments, trends and recommendations (sept 2021)

#bitcoin #dollar #investments #Raw materials #stocks

Bitcoin: wait and see // Dollar: last opportunity // Stocks: floating bombs in sight! // Dollar versus tech stocks // Commodities: Bonanza! ______________________________ Bitcoin: wait and see Unsurprisingly, Bitcoin regained [...]

GEAB
15 Sep 2021

United States 2022 – Who will benefit from the trillions in the Infrastructure Deal?

#geopolitics #united states

To avoid the collapse of the dollar, Biden (as well as Trump before him) is betting on a Keynesian plan to rebuild the country's infrastructure and social and health care [...]