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The EU Should Issue Perpetual Bonds

The disruption in the European Union caused by the COVID-19 pandemic should be temporary, but only if EU leaders take the extraordinary measures needed to avoid long...

Fortunately, there is an easy, fast and low-cost way to finance the proposed €1 trillion European Recovery Fund.

  • George Soros
  • Project Syndicate

NEW YORK – European Commission President Ursula von der Leyen has announced that Europe will need about €1 trillion ($1.1 trillion) to fight the COVID-19 pandemic.

This money could be used to establish a European Recovery Fund. But where will the money come from?

I propose that the…

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