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Podcast: Debunking Economics - the podcast
Episode: EU talks bonds. And this time it’s different
Description: The EU has talked about issuing new bonds to protect its eastern borders against Russia and to prepare Europe for a future without reliance on Russian oil and gas. Normally bonds are issued by individual countries. If the ECB felt the need to intervene it would buy up those bonds, normally proportional to the size of the member countries. Even during the pandemic, their pandemic emergency purchase program saw them buying up sovereign bonds from member countries. Could this time be different?Is there a Europe wide need that could see the EU operating a centralised budget...