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Europe's unity is at risk due to the pandemic

ميغيل رودريغيز
ميغيل رودريغيز
14 سبتمبر 2020
Perpetual bonds might be what the EU needs right now.

The controversial George Soros believes that the pandemic could bring the end of the European Union as we know it. 

Unless the EU issues perpetual bonds to help itself and the less wealthy countries, such as Italy, “it may not be able to survive the challenges it currently confronts," said Soros. From his point of view, the only solution that can work is for the Union to keep the credit rating at the same level, to issue the bonds and to have money-power to cover it.

Although for some, this idea is good, there is a need for solidarity between the European countries. But given the current situation, even the Franco-German monetary help is viewed with negativity by some states. After France and Germany presented their idea, the benchmarks opened lower, France40 shedding 0.9%, and Germany30 falling 0.5%.

The world can wait and see what will be the EU's next move.

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ميغيل رودريغيز
ميغيل رودريغيز

بدأ ميغيل مسيرته المهنية الطويلة في مؤسسات مالية مرموقة مثل Banco Santander و Banco Central-Hispano.وهو مؤلف لكتب تداول العملات.