Europe’s debtors must pawn their gold for Eurobond Redemption
The Center of the Universe » ECB 2022-04-27
Summary:
And their central banks can buy unlimited amounts to support the price. Not that they would do that… Europe’s debtors must pawn their gold for Eurobond Redemption By Ambrose Evans-Pritchard May 29 (Telegraph) — The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared […]
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