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They are the ultimate vehicle for further deepening the debt of the Eurozone: Eurobonds, jointly issued government bonds of the euro member states. European Commission President Ursula von der Leyen is today calling for the rapid introduction of new sources of financing for the Eurozone, which is in difficult financial circumstances (Bruno LeMaire), to say the least. What she clearly means is the introduction of common government bonds, as we already experienced once during the corona lockdowns with the SURE bonds which are noting 40% under pari (brings fun to hold this scrap).
As a vehicle on this path, which untilnow basically cannot be taken for legal reasons, the leadership of the European Union is likely to introduce so-called war bonds, which could be introduced in the course of a propagated hypothetical invasion of other European states by Russia to finance defense, point they would be the ideal entry bridge to then generally hold the European taxpayer liable as collateral for future issues of Eurobonds. This element has so far been missing in the further deepening of eurozone debt. So the debt spiral is spinning faster and faster. Fiat Clown world knows no bounds when it comes to eroding the purchasing power of the citizens.
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