I’m wondering why this would be considered needed when you can just buy an ETF that has all euro country debt in it.
The US sells municipal bonds (state and city debt). There’s no need for joint state debt UNLESS there’s some kind of cross state project.
I could very easily buy 30% German, 60% French bonds if I wanted to.
That… Isn’t that shady??
Like, 2007 crash levels of shady??
Tricks were also pulled before that crash to increase the ratings of investments and that led to investor hell.
Wouldn’t it be reasonable to use the average rating instead? Though calculating it would be a bit complex I bet.
unlike 2007 they have colatoral & garantuee.