NGEU successful test case for permanent joint EU borrowing By Burhan Khadbai
There has been much talk of whether the European Union will remain a permanent, large borrower following the completion of its funding for the Next Generation EU programme. Through the €800bn programme, the EU has developed the infrastructure of a sovereign-like borrower in impressively efficient and rapid fashion. Speaking at OMFIF’s team Europe borrowers seminar on 25 October, Christian Engelen, head of unit, borrowing and lending at the European Commission’s directorate-general for budget, said NGEU was a ‘test case’ for whether the EU could develop a sovereign-like borrowing programme.
Small but important win for ECB hawks over QT By David Marsh and Neil Williams The European Central Bank’s inflation hawks have won a small but important victory with accord on starting an examination of quantitative tightening through gradually reducing the stock of €5tn of bonds held on the Eurosystem’s swollen balance sheet. |
MEETINGS CEE in focus: navigating through volatility Thursday 10 November, Broadcast OMFIF’s Sovereign Debt Institute hosts a high-level event focused on the CEE region. It brings together leading debt management offices and investors to discuss how sovereign issuers are finding innovative ways to navigate through the volatility and the outlook ahead. |
ON DEMAND  Team Europe borrowers seminar: a new era for sovereign debt OMFIF brought together the three leading issuers of the European Union – Next Generation EU, the European Investment Bank and European Stability Mechanism – to discuss how they are managing their borrowing programmes. |
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue. |
