Stournaras: Eurobonds Essential for EU Competitiveness

The Governor of the Bank of Greece, Yannis Stournaras, in an interview with POLITICO, advocated for the issuance of Eurobonds to finance common European needs.

According to Mr. Stournaras, the issuance of Eurobonds will enhance the EU's competitiveness by enabling the financing of defense, the green transition, and innovation. Furthermore, it will create a safe benchmark asset for the Eurozone.

Mr. Stournaras expressed concern about Germany's continued opposition to the issuance of Eurobonds but stressed that there is growing support for the idea, even from the German central bank.

Mr. Stournaras served as Greece's Minister of Finance from 2012 to 2014 and is a long-time supporter of Eurobonds.