{"id":18145,"date":"2026-05-16T09:06:16","date_gmt":"2026-05-16T06:06:16","guid":{"rendered":"https:\/\/www.poleconomix.gr\/portal\/?p=18145"},"modified":"2026-05-16T09:06:16","modified_gmt":"2026-05-16T06:06:16","slug":"eurobonds-despite-objections-they-are-more-needed-than-ever","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/eurobonds-despite-objections-they-are-more-needed-than-ever\/","title":{"rendered":"Eurobonds: Despite objections, they are more needed than ever"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.piie.com\/experts\/senior-research-staff\/olivier-blanchard\">Olivier Blanchard<\/a>\u00a0(PIIE) and\u00a0<a href=\"https:\/\/www.piie.com\/experts\/former-research-staff\/angel-ubide\">\u00c1ngel Ubide<\/a>\u00a0(Citadel)<\/p>\n\n\n\n<p>We argued last year that it was time to create a deep, large, and liquid market for Eurobonds (<a href=\"https:\/\/www.piie.com\/blogs\/realtime-economics\/2025\/now-time-eurobonds-specific-proposal\">Blanchard and Ubide 2025<\/a>). Since then, there has been growing support for the initiative, not just from think tanks and academics (<a href=\"https:\/\/www.kielinstitut.de\/fileadmin\/Dateiverwaltung\/IfW-Publications\/fis-import\/b7c24828-496a-4fee-9cb6-67a109e92a88-KPB199_EN.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Hildebrand, Rey, and Schularick 2025<\/a>) but notably from the European Central Bank (ECB) (<a href=\"https:\/\/www.ecb.europa.eu\/press\/key\/date\/2026\/html\/ecb.sp260422~0242ad3585.en.html\" target=\"_blank\" rel=\"noreferrer noopener\">Lane 2026<\/a>), the Bundesbank (<a href=\"https:\/\/www.politico.eu\/article\/bundesbank-boss-joachim-nagel-reality-calls-more-eu-debt-eurobonds-central-bank-reforms-wish-list\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nagel<\/a>,&nbsp;<em>Politico<\/em>, February 2026), and some EU governments (Cuerpo, in the&nbsp;<a href=\"https:\/\/www.ft.com\/content\/f0c98d5d-3149-4150-a935-7d2cdb472fe4?accessToken=zwAAAZ02OE7aktPwyY1dMUlBUNOpNX0s20cv5M8xSEJub25KzNOvWh95GmbK1wE.MEQCIGX64Babo-4ZdP8xkMdJZT7EWDEJAz9OMrNR_YcgrnFYAiBHYZjRHkfkkQs10tDEwK_ltkr5iY9UY1dW0stwICg4-Q&amp;segmentId=85462057-4e57-56c2-164f-e4ce1f09e15f\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Financial Times<\/em>, February 2026<\/a>, and at&nbsp;<a href=\"https:\/\/www.piie.com\/events\/2026\/future-economic-architecture-eurozone\">PIIE event<\/a>).<\/p>\n\n\n\n<p>In this update, we discuss why the urgency to issue Eurobonds in large quantities has grown, clarify our proposal, and address the main questions and criticism that we have received.<\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: PIIE<\/p>\n\n\n\n<p><a href=\"https:\/\/www.piie.com\/blogs\/realtime-economics\/2026\/eurobonds-despite-objections-they-are-more-needed-ever\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Olivier Blanchard\u00a0(PIIE) and\u00a0\u00c1ngel Ubide\u00a0(Citadel) We argued last year that it was time to create a deep, large, and liquid market for Eurobonds (Blanchard and Ubide 2025). Since then, there has been growing support for the initiative, not just from think tanks and academics (Hildebrand, Rey, and Schularick 2025) but notably from the European Central Bank [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[],"class_list":["post-18145","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=18145"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18145\/revisions"}],"predecessor-version":[{"id":18146,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18145\/revisions\/18146"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=18145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=18145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=18145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}