[European] Commission confirms work on securitisation of EU sovereign bonds

Euractive ^ | 27 May 2017 | Jorge Valero

[Lorianne]

European Commission Vice-President Valdis Dombrovskis said today (27 January) that the goal of setting up European Safe Assets is to reduce banks’ exposure to sovereign debt.

Speaking after the Ecofin Council, Dombrovskis said that work has been going on “for some time” on the concept of European Safe Assets at the European Systemic Risk Board (ESRB).

As part of the board, the Commission has been involved in the project.

The vice-president explained that the concept is about the securitisation of EU member states’ sovereign bonds.

“We find this concept useful since it helps to address the issue of banks sovereign loops,” Dombrovskis told reporters.

“By creating European Safe Assets, we provide investment opportunities for banks and for others, and we ensure that, especially banks, are not so concentrated on their own sovereign bonds,” he added.

Dombrovskis confirmed reports published by Handelsblatt about this new instrument.

[Lorianne]

What could go wrong?

[ScaniaBoy]

Everything - and it will!

[grania]

Is this a way of saying that German bankers will seize physical assets in countries where the leaders made these bad loan deals and they can't be paid back? Much like Goldman Sachs just might be doing in Venezuala?

So the elite globalist shadow gov and their partner-in-crime banker cohorts are going to come out of the shadows and say they own everything because of debts that can't be paid? Debts that the "little folk" never agreed to.

This is not a good idea. (sarcastically minimal statement)