Quote by Francois Hollande
I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.
Summary
In this quote, the speaker expresses their hesitation towards euro bonds that would share the debt burden of all euro zone countries. While acknowledging that this approach may be effective in the long run, they advocate instead for euro bonds to be utilized specifically for funding investments in forward-looking growth projects. They propose rebranding them as 'project bonds' to distinguish this purpose from the broader mutualization of debt. This approach suggests a focus on targeted and strategic investments that contribute to future-oriented development rather than solely shouldering existing debts.
Topics
Finance
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