Draghi vill tillåta EU-gemensam upplåning, likt coronafonden

 

Om EU öppnar dammluckorna för gemensam upplåning är risken uppenbar att fler ändamål med tiden kvalificerar sig. 

Det vore ett förödande steg för EU, vilket Sverige bör försöka bromsa.

DI Ledare Frida Wallnor 9 september 2024 

https://www.di.se/ledare/statliga-pengar-kan-inte-kopa-konkurrenskraft/

 

Scholz told reporters in June:  “Do I want to accept that we issue sovereign bonds, so-called eurobonds, for defense financing? The answer is no.”

The federal constitutional court in Karlsruhe has a long tradition of policing the limits of Germany’s contributions to multinational debt raises.

Lindner, Germany’s finance minister,  has said he’s opposing joint debt for both, political and legal reasons.

“Communitization of risks, liabilities and debt doesn’t contribute to stability and therefore Germany won’t support it,” he told reporters in Brussels last week.

German Constitutional Court and The European Peace Facility

Bloomberg 27 July 2024

https://englundmacro.blogspot.com/2024/07/german-constitutional-court-and.html

Draghi immediately undercuts need for joint debt  

Draghi immediately backtracked on the need for a joint instrument to fund eurozone growth at his introductory press conference unveiling his plan to revitalize Europe.

“Common debt is instrumental,” he said. 

“The case for a safe common asset, first and foremost it helps financing common projects, projects that are fundamental for raising productivity in Europe,” Draghi said.

“Common asset will allow for complete capital market union, it will make things infinitely easier,” he added.

But he sounded receptive to Europe avoiding that thorny issue. “If you find other ways, and you find politically it’s easier, why not,” he said.

“The common safe asset, in this report, is not the objective per se but it’s an instrument,” he said.

Steve Goldstein MarketWatch 9 September 2024

https://www.marketwatch.com/story/draghi-immediately-undercuts-need-for-joint-debt-instrument-to-boost-europe-5b87837f

Draghi Says EU Itself at Risk Without More Funds and Joint Debt

https://englundmacro.blogspot.com/2024/09/draghi-says-eu-itself-at-risk-without.html