Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Coronabonds Are a Matter of Time. The French…
[caption id="attachment_365392" align="alignleft" width="300"] Coronabonds[/caption] In this note, I will discuss the issue of coronabonds from a French perspective and why it matters so much for the French government. France’s finance minister Bruno Le Maire…
Thoughts on the Eurogroup Meeting
[caption id="attachment_364340" align="alignleft" width="300"] Eurogroup Meeting[/caption] Summary: Yesterday's Eurogroup videoconference focused on instruments to deploy in order to tackle the coronavirus outbreak. Discussions were mostly about the use of the ESM, but the issuance of joint…
Which EU Countries are Supporting Coronabonds?
[caption id="attachment_364269" align="alignleft" width="300"] EU countries support coronabonds[/caption] Summary: Tonight's Eurogroup meeting will discuss the technical aspects of coronabonds, amongst other things. Despite opposition from the Netherlands, it is likely that EU leaders will go ahead…
Coronavirus Economics : The Case for Coronabonds
Summary: It's clear that, in a crisis, rules don't apply. To face one of the most important economic shocks of modern history, Germany has said goodbye to "Schwarze Null", the EC has suspended budget rules and…
