France's Villeroy calls for euro area bonds, treasury and budget

France's Villeroy calls for euro area bonds, treasury and budget
 

France's central bank governor called on Wednesday for the creation of euro zone bonds, a common Treasury and even a shared budget in an ambitious speech before a European Union parliamentary committee.
Francois Villeroy de Galhau's comments echo long-standing French proposals, which have so far fallen on deaf ears in countries such as Germany, which fear they would end up footing the bill for their struggling neighbours.
In a bid to create a safe asset for banks to use as collateral, the French governor advocated the creation of synthetic euro area bonds, backed by actual debt issued by... read more

 
28 September 2016 in Business, Views: 42
Source: Reuters
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