3 April | Euro

ECB’s Schnabel revives discussion about joint debt

ECB’s Schnabel revives discussion about joint debt

Isabel Schnabel, European Central Bank (ECB) Executive Board member, believes joint debt can bolster the euro’s role in the global economy.

The currency has a unique opportunity to strengthen its international standing, as Donald Trump's tariff policy could have a negative impact on the US economy, the official says. 

Besides, Schnabel notes that hedge fund managers are currently seeking alternatives to US assets. Therefore, the official suggests discussing steps to create a sufficiently liquid European bond market. She thinks the bloc has made significant progress in this direction by jointly issuing bonds during the COVID-19 pandemic. 

However, Isabel Schnabel acknowledged that Germany and several other European countries consider joint debt controversial.

Elena Dorokhina MarketCheese
Period: 18.09.2025 Expectation: 39000 pips
Buying ETHUSD with $4,790 in sight amid weak US economic data
Today at 08:51 AM 9
Period: 12.09.2025 Expectation: 250 pips
Selling SPX if US inflation exceeds forecasts
Today at 08:40 AM 11
Period: 31.10.2025 Expectation: 950 pips
Buying AUDCAD from 0.9030 level
Yesterday at 11:59 AM 59
Period: 31.10.2025 Expectation: 1800 pips
Selling USDJPY amid expectations of BoJ rate hikes
Yesterday at 11:29 AM 88
Period: 17.09.2025 Expectation: 950 pips
EURUSD flashes potential reversal of its downtrend
Yesterday at 10:08 AM 88
Period: 17.09.2025 Expectation: 900 pips
USDCAD chart hints at potential reversal down to 1.375
Yesterday at 08:52 AM 77
Go to forecasts