ESRB Task Force Plan for Euro Safe Assets Is Said to Be Ready
- Panel suggests packaging government debt into three tranches
- Report has been delayed for almost a year amid German concerns
Mario Draghi
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
A proposal for a new class of safe financial assets intended to strengthen the euro area will be published imminently after almost a year of delay, according to officials familiar with the matter.
The report, by an independent taskforce under Irish central bank governor Philip Lane, will offer a plan for bundling government debt from the bloc’s 19 nations into a security that could withstand default by one or more countries without sparking contagion.