John Rubino: Europe Bails Out Its Failed States with Common (i.e., German) Bonds
By Dollar Collapse / July 22, 2020 / marketsanity.com / Article Link
This week's EU announcement of a massive coronavirus bailout - featuring the first-ever "common" bond issuance - marks the birth of this new integrated Europe, in which all future debt is defacto German rather than French, Greek, etc.