ECB’s Bini Smaghi proposes single eurozone bond issuing agency
Lorenzo Bini Smaghi, an executive board member at the European Central Bank (ECB), on Friday proposed the establishment of a supranational entity in the euro area to issue government bonds with budget plans subject to approval by member states.
At an event in Lucca, Italy, Bini Smaghi said the best way to prevent euro countries from defaulting was to lay down rules that placed a constitutional weight on acceptable debt levels. He said one way to ensure such rules were binding was to empower "a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com