2007 redux – The #ESBie – European “Safe Bond”- The European Commission Believes That Packaging Bonds Makes Them Safe. Notice any similarity?

#Eurobonds or #Esbie

Only a bureaucrat can believe this can work.

Package debt from various financially irresponsible countries into one “safe bond” through a structured product.

“Only private investors would share risks and possible losses” stresses the EU’s draft text”



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