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Spain Is Leading the Way on Perpetual Bonds

Summary:
When the European Council’s virtual summit convenes on April 23 to address how the European Union should cope with the economic fallout of the COVID-19 pandemic, it should consider the Spanish government's submission carefully. Indeed, it should be the first item on the meeting’s agenda. NEW YORK – The European Council is holding a virtual summit on April 23 to consider how the European Union should cope with the economic fallout of the COVID-19 pandemic. Spain’s submission is by far the most thoroughly considered and innovative proposal that will be presented. It should be the first item on the meeting agenda. The EU Should Issue Perpetual Bonds Thierry

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When the European Council’s virtual summit convenes on April 23 to address how the European Union should cope with the economic fallout of the COVID-19 pandemic, it should consider the Spanish government's submission carefully. Indeed, it should be the first item on the meeting’s agenda.

NEW YORK – The European Council is holding a virtual summit on April 23 to consider how the European Union should cope with the economic fallout of the COVID-19 pandemic. Spain’s submission is by far the most thoroughly considered and innovative proposal that will be presented. It should be the first item on the meeting agenda.

The main innovation that Spain will introduce is the EU’s issuance of perpetual bonds. The idea...

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