EU lays out $1-trn plan to fund recovery from coronavirus pandemic

It highlights the ambition of the EU's first meaningful entry into bond markets, which will see the total of outstanding bonds closing in on that of Spain's this decade

The European Union (EU) set out its blueprint to raise nearly $1 trillion of debt over five years as it seeks to fund its recovery from the coronavirus pandemic.
 
The bloc is aiming to issue the first debt under its NextGenerationEU stimulus as early as July and will use a “state-of-the-art” platform to begin selling bonds and bills via a network of primary bank dealers by September, according to the bloc’s executive branch. Almost a third of the roughly 800 billion euros ($957 billion) will be in green bonds, using a framework of rules to be published in early