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Perpetual Bonds are not the Best Way to Finance the European Recovery Fund

Professor Giancarlo Corsetti, Aitor Erce and Antonio Garcia Pascual's article "Perpetual bonds are not the best way to finance the European Recovery Fund" has been featured by VoxEU CEPR Policy Portal. This column looks at the potential gains of using European borrowing and lending as two separate policy levers, instead of financing the ERF using joint perpetual debt.

Published on: Monday 18th May 2020

Tags:

COVID-19

Debt

EU

Policy

Theme: transmission