Legarde & Green Bonds

 

QUESTION: Marty; Why is Legarde pitching Euro Green Bonds when they lose money?

JL

ANSWER: If she can use the climate change nonsense to shame Germany into agreeing to issue Eurobonds, it would be a step to eliminate the refusal to issue a single European debt. If Legarde can sell that issue, then it will restructure Europe’s debt position.

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