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We don’t know what the world will be like after the SARS coronavirus 2 crisis. But there is one thing we can be sure of: we are heading for an economic recession. And that recession is going to force many countries to issue debt.
The European Central Bank has announced a 750 billion euro bailout fund to help the most troubled countries in the eurozone: mainly Spain and Italy. The problem is that this bailout fund comes with a high political cost. As happened after the 2008 crisis, Europe will demand austerity and, above all, transparency measures, which may jeopardize the stability of the current governments of Italy and Spain. They will most likely be forced to call new elections.
To avoid this, some propose the creation of mutualized debt bonds: the so-called Corona Bonds Are they really a good idea to get out of the Corona crisis? Or is it just an attempt to avoid political costs after mismanagement of the coronavirus crisis? In this video, we tell you all about it.
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