The #ESBie.
European "Safe Bond".
The European Commission Believes That Packaging Bonds Makes Them Safe.
Notice any similarity? 🤔 pic.twitter.com/0U5MdAU8B7
— Daniel Lacalle Official Account (@dlacalle_IA) May 18, 2018
#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”
LOL
#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"
LOL pic.twitter.com/x0PePHL4ZD
— Daniel Lacalle Official Account (@dlacalle_IA) May 16, 2018
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