In crisis there is opportunity. With two wars on Europe’s doorstep, the need for a unified response has rarely been more pressing, and the urgent need to stiffen the European Union’s military defenses will be expensive. What better way to pay for that than the bloc jointly tapping the bond markets, as it did when pulling together an €800 billion ($925 billion) rescue package for member states during the pandemic. There’s a raft of other stuff that can be fixed at the same time.
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It's the Perfect Moment for the EU to Issue a Joint Bond
