Country Quote by Francois Hollande
“I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.”
About This Quote
Source Speech: European Council, 2015
Euro bonds should fund specific future projects, not general debt.
In simple terms: Targeted bonds for growth projects.
Use project bonds.
Themes
Mood
Type
When to use this quote
- infrastructure
- green tech
- R&D funding
Key Concepts
Questions to Reflect On
- What criteria define a project bond?
- How to ensure accountability?
Political consensus may be hard.