Past Event

EU debt vs national debts: friends or foes?

The EU will become into a major issuer of safe assets in the coming years. How will this interact with the debt issuance of European sovereign debts?

Date: June 29, 2021, 2:00 pm Topic: Macroeconomic policy

video and audio recordings

Bruegel · EU Debt versus National Debts: Friends or Foes?

The EU is going to issue up to €750 billion to finance its recovery plan (including a third in Green Bonds). The Commission has issued its first debt securities for NextGenerationEU in June 2021, and plans to issue up to €150-200 billion per year over the period to end in 2026. This will transform the EU into one of the major issuer of safe assets in the coming years. How will the EU approach this? How will that interact with the debt issuance of European sovereign debts? What will be the impact of issuing a third Green bonds?

At this event we discussed those issues with speakers from the European Commission, representatives of national debt agencies from various EU countries, as well as from market participants and from the Eurosystem.

Schedule

Jun 29, 2021

14:00

Discussion

Chair: Grégory Claeys, Senior Fellow

Yves Jacob, Global Head of Public Sector Coverage, Société Générale

Gert-Jan Koopman, Director General, European Commission, DG BUDGET

Imène Rahmouni-Rousseau, Director General of Market Operations, European Central Bank

Pablo de Ramón-Laca, Director General of the Spanish Treasury

Speakers

Grégory Claeys

Senior Fellow

Yves Jacob

Global Head of Public Sector Coverage, Société Générale

Gert-Jan Koopman

Director General, European Commission, DG BUDGET

Pablo de Ramón-Laca

Director General of the Spanish Treasury

Imène Rahmouni-Rousseau

Director General of Market Operations, European Central Bank

Location & Contact

Matilda Sevon

[email protected]

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