The EU has taken a historic step by issuing its own bonds. Policy Fellow Sebastian Mack explains what reforms are needed to make EU bonds the safe asset of the monetary union.
EU bonds are "not yet the eurozone's long-awaited safe asset." To change that, the Policy Fellow makes three suggestions which the Handelsblatt takes up in its article: The EU needs to issue more bonds, EU borrowing needs to become permanent, and the ECB needs to treat supranational EU bonds better.
Read the full article (in German) here.