'Issuing euro bonds during the Covid-19 crisis would be too difficult. A joint debt reduction fund is less radical, and it could be done.'

'Issuing euro bonds during the Covid-19 crisis would be too difficult. A joint debt reduction fund is less radical, and it could be done.

..

This could be done through a joint debt reduction fund, an idea that has been explored before and which would amount to a pledge from the euro zone to take over a portion of each country’s sovereign debt after the crisis. That would offer the weaker member the prospect of some future debt relief, without forcing the monetary union to implement something too ambitious now.

..

..The ECB .. to increase interest rates and reduce its balance sheet..'

- Bloomberg, A Realistic Alternative to Coronabonds, April 3, 2020



Context

CNN - The world is drowning in debt

Ethical Affective Ambiance in the Electric Universe – Production of Money, Prices and Market

(Humanity needs to make a choice) - 'Another requirement is reaching a global agreement on travel.'