Collegamento: https://tinyurl.com/yy4msxd4
Why Europe borrows in US dollars
New ESM Column – Out of the Box
By Chief Financial Officer Kalin Anev Janse
Earlier this month, the European Stability Mechanism issued its fourth US dollar bond to qualified institutional buyers.
As an institution based at the heart of Europe and tasked with helping protect the euro, you might well ask why the ESM, and other European institutions, issue dollar bonds? After all, the US Treasury does not issue in euros so far. Well, there are plenty of reasons why.
Read the column here
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