Corona Bonds - What, why, who?

Corona Bonds – What, why, who?

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Corona bonds

What are corona bonds?

  • Italian Prime Minister proposed Corona bonds
  • Corona bonds are joint debt issued to European Union member countries
  • It is a mutualised debt, taken collectively by all EU member states

Why Corona bonds introduced?

  • To deal with Covid-19.
  • To meet with extraordinary situations

Who Issues Corona Bonds?

  • European Union (EU)

Who funds Corona bonds?

  • The Corona bonds funded by European Investment Bank.

Who Demanded this initiative?

  • The countries who suffered huge deaths such as Italy, Spain

Which countries opposed this move?

  • Frugal Four countries
    • Germany
    • Netherlands
    • Austria
    • Finland

Source: IE

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