German Chancellor was prepared to back European Union-wide issuance to help the bloc's members tackle the energy crisis.
German government bond yields BX:TMBMKDE-10Y hovered near 11-year highs after reports Chancellor Olaf Scholz was prepared to back European Union-wide joint debt issuance to help the bloc’s members tackle the energy crisis.
Still,... German government bond yields TMBMKDE-10Y hovered near 11-year highs after reports Chancellor Olaf Scholz was prepared to back European Union-wide joint debt issuance to help the bloc’s members tackle the energy crisis. Still, the German chancellor stressed that any funds raised and disbursed would have to be loans and not grants, according to reports.
It also comes as Brussels is keen to display unity among members in response to the energy war being waged by Russian President Vladimir Putin following his invasion of Ukraine.
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