FEBRUARY 11, 2026 AT 12:57 PM
ECB's Nagel (speaking in his capacity as Bundesbank head) says that new reality calls for more EU debt, Politico reports; sees the benefits of forming a common, European, highly liquid, Euro-wide benchmark safe asset.
Importance
Level 1
- Adds, “European debt is not a free lunch. And doubts about fiscal sustainability should not jeopardize the chances for improved common policies,”
- Nagel declined to provide a number on how much EU debt would be needed to create change.