Large investors would welcome a big, liquid pool of joint euro debt because it lets them move in and out in size without moving the market, unlike fragmented national markets (German Bunds vs Italian bonds) where size constraints bite.
causalpending
Speaker
Moritz SchularickEvidence Quote
“the idea of having a large joint uh pool of debt that is liquid and where you can move in and and size in and out in size is something that I think markets would welcome.”
Created: 6/18/2026, 1:57:48 PM
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