Are ‘Coronabonds’ the Solution to Europe’s Debt Woes?: QuickTake

Europe is facing an economic crisis, the result of a pathogen that’s unleashed a global pandemic. That’s led to a renewed push for a never-before-tried financial tool — now aptly renamed “coronabonds.” While politically divisive, these pooled debt securities could help overcome one of the biggest hurdles faced by the European Union: how to promote financial integration and risk-sharing across the continent.