Blog/Europe's Economic History
Posted Dec 2, 2019 by Martin Armstrong
QUESTION: Marty; Why is Legarde pitching Euro Green Bonds when they lose money?
ANSWER: If she can use the climate change nonsense to shame Germany into agreeing to issue Eurobonds, it would be a step to eliminate the refusal to issue a single European debt. If Legarde can sell that issue, then it will restructure Europe’s debt position.