French President Francois Hollande called for the issuance of euro bills as a short-term measure, the newspaper Handelsblatt reported Tuesday, citing a strategy paper.
The issue of euro bills will be easier than euro bond issue if there is support from the part of political leaders. The bills will have a maturity of three months.
The German weekly Der Spiegel over the weekend reported that the European Union is preparing a framework for the joint issuance of the short-term common debt instruments called euro bills. The EU summit later this month is likely to discuss the idea of the bond issue.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.