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Do financial markets consider European common debt a safe asset?

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Do financial markets consider European common debt a safe asset?

Bruegel,

5 min read
3 take-aways
Text available

What's inside?

Rates on EU-issued bonds signal a tenuous state of economic affairs in the European Union.

Editorial Rating

7

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  • Analytical
  • Innovative
  • Background

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About the Authors

Giovanni Bonfanti is a PhD student in economics at Columbia University. Luis Garicano is a former member of the European Parliament and a visiting professor at Columbia University and the University of Chicago.