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 Sep 2024

Investments, trends and recommendations (Sept)

#cryptos #gas #investment #oil

Oil: Beware of upheavals Much of our issue is about change and reinvention. The international oil market is also affected by this trend. Prices are falling, mainly due to weak [...]

GEAB
15 Jun 2024

Investments, trends and recommendations (Jun)

#ECB #gold #investment #oil

Gold in equities We always write about gold as a metal resource to invest in. But gold stocks also include shares in mining groups. Their margins, which are far from [...]

GEAB
15 Jun 2024

2025-2029: The dollar takes over from a weakened euro

#dollar #economy #EU #euro #finance #world

The economic outlook for Western countries looks bleak, judging by a number of indicators. After the decision to cut interest rates slightly, and with the two leading countries in difficulty, [...]