Euromoney has delved deep into the detail of just how the EU might conduct the large new borrowing programme for the €100 billion emergency SURE programme and the €750 billion recovery fund that was agreed in July.
This programme was hailed as a breakthrough for joint sovereign issuance, with more heavily indebted and vulnerable nations receiving grants as well as loans at a cost subsidized by the credit strength of their wealthier neighbours.
But even if the EU funds this deftly on behalf of the European Commission, there is a much bigger and more important question.
Thanks for your interest in Euromoney!
To unlock this article:
