Will COVID-19 reduce the resistance to Eurobonds?

With the COVID-19 virus spreading across Europe, governments and central banks are mobilising resources in order to avoid a deep recession with growing unemployment and corporate failures. The issuance of joint Eurozone debt or so-called Eurobonds could ensure the necessary fiscal resources to fight the crisis. Are Eurobonds a solution to the current challenges? What should the design of such an instrument be? Who would be issuing the Eurobonds? How would trading of these bonds be organised? Where would clearing and settlement take place? The intention of this webinar is to discuss the practical aspects (and conveniences) of a common euro bond.

AGENDA EVENT REPORT

SPEAKERS

• Vítor Constâncio, Former Vice President of the ECB, and current President of the School Council at ISEG, University of Lisbon
• Maria Cannata, Chair of MTS Markets and former Director General of the Public Debt Directorate, Italian Treasury

Moderator: Karel Lannoo, CEO, CEPS and General Manager, ECMI