Rhein on Energy and Climate

Archives for Euro

EU countries would benefit from joint bond emissions to finance their public debt. Joint bonds would create a huge market comparable to that for US federal debt and enable governments to secure better terms thanks to higher liquidity. Joint bond emissions will have to be guaranteed by all participating countries. In order to secure low… » read more

Posted by Eberhard Rhein

Thanks to the Euro, members of the Euro-zone have been able to weather the international financial crisis much better than those outside the euro-zone. Hungary and UK, not to mention Iceland, have seen their currencies coming under pressure for devaluation, as they lacked the solidity and solidarity of the single currency. It is therefore not… » read more

Posted by Eberhard Rhein